Bank of America Corp DE Lowers Stake in iShares Russell 1000 Value ETF $IWD

Bank of America Corp DE trimmed its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 49,816,823 shares of the exchange traded fund’s stock after selling 751,744 shares during the period. iShares Russell 1000 Value ETF accounts for approximately 0.7% of Bank of America Corp DE’s portfolio, making the stock its 19th largest position. Bank of America Corp DE owned about 15.78% of iShares Russell 1000 Value ETF worth $9,675,921,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. AQR Capital Management LLC increased its position in iShares Russell 1000 Value ETF by 2.4% in the 2nd quarter. AQR Capital Management LLC now owns 131,393 shares of the exchange traded fund’s stock valued at $25,520,000 after acquiring an additional 3,121 shares during the period. Aberdeen Wealth Management LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at approximately $39,000. Vista Capital Partners Inc. increased its holdings in shares of iShares Russell 1000 Value ETF by 39.4% in the second quarter. Vista Capital Partners Inc. now owns 10,604 shares of the exchange traded fund’s stock valued at $2,060,000 after purchasing an additional 2,997 shares during the period. Sentinel Wealth Management Inc. acquired a new position in shares of iShares Russell 1000 Value ETF in the second quarter valued at approximately $415,000. Finally, Raymond James Financial Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 1.6% during the second quarter. Raymond James Financial Inc. now owns 4,978,791 shares of the exchange traded fund’s stock worth $967,031,000 after purchasing an additional 76,936 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA IWD opened at $211.79 on Friday. The stock has a fifty day moving average price of $205.68 and a 200 day moving average price of $199.91. iShares Russell 1000 Value ETF has a 1-year low of $163.19 and a 1-year high of $213.53. The company has a market cap of $67.37 billion, a PE ratio of 18.83 and a beta of 0.89.

iShares Russell 1000 Value ETF 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).