Advisors Capital Management LLC Decreases Holdings in iShares Russell 1000 Value ETF $IWD

Advisors Capital Management LLC cut its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,606 shares of the exchange traded fund’s stock after selling 442 shares during the period. Advisors Capital Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $1,089,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IWD. Investment Partners LTD. raised its stake in iShares Russell 1000 Value ETF by 4.0% in the 2nd quarter. Investment Partners LTD. now owns 57,861 shares of the exchange traded fund’s stock valued at $11,238,000 after purchasing an additional 2,226 shares during the last quarter. Francis Financial Inc. acquired a new position in shares of iShares Russell 1000 Value ETF in the second quarter valued at approximately $203,000. PNC Financial Services Group Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 1.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,412,793 shares of the exchange traded fund’s stock valued at $662,867,000 after buying an additional 57,638 shares during the period. JFG Wealth Management LLC lifted its stake in shares of iShares Russell 1000 Value ETF by 78.8% during the second quarter. JFG Wealth Management LLC now owns 12,165 shares of the exchange traded fund’s stock valued at $2,363,000 after buying an additional 5,361 shares during the period. Finally, Advyzon Investment Management LLC boosted its position in iShares Russell 1000 Value ETF by 68.1% during the second quarter. Advyzon Investment Management LLC now owns 1,084 shares of the exchange traded fund’s stock worth $211,000 after acquiring an additional 439 shares during the last quarter. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Down 0.3%

Shares of NYSEARCA:IWD opened at $204.79 on Friday. The business has a fifty day simple moving average of $203.75 and a 200-day simple moving average of $197.07. The company has a market cap of $65.14 billion, a P/E ratio of 18.83 and a beta of 0.89. iShares Russell 1000 Value ETF has a 52 week low of $163.19 and a 52 week high of $208.66.

iShares Russell 1000 Value ETF Company Profile

iShares Russell 1000 Value ETF (the Fund), formerly iShares Russell 1000 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the large capitalization value sector of the U.S. equity market, as represented by the Russell 1000 Value Index (the Index).