B. Riley Wealth Advisors Inc. Makes New $1.50 Million Investment in iShares Russell 1000 Value ETF $IWD

B. Riley Wealth Advisors Inc. purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,714 shares of the exchange traded fund’s stock, valued at approximately $1,498,000.

A number of other hedge funds also recently modified their holdings of the business. Crestwood Advisors Group LLC increased its stake in iShares Russell 1000 Value ETF by 1.7% during the 2nd quarter. Crestwood Advisors Group LLC now owns 3,159 shares of the exchange traded fund’s stock worth $614,000 after purchasing an additional 52 shares in the last quarter. Rathbones Group PLC increased its position in shares of iShares Russell 1000 Value ETF by 3.0% during the second quarter. Rathbones Group PLC now owns 1,799 shares of the exchange traded fund’s stock worth $349,000 after acquiring an additional 52 shares in the last quarter. Golden Road Advisors LLC raised its holdings in shares of iShares Russell 1000 Value ETF by 1.3% during the second quarter. Golden Road Advisors LLC now owns 4,137 shares of the exchange traded fund’s stock worth $804,000 after acquiring an additional 54 shares during the period. Penobscot Investment Management Company Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 4.6% during the second quarter. Penobscot Investment Management Company Inc. now owns 1,250 shares of the exchange traded fund’s stock worth $243,000 after acquiring an additional 55 shares during the period. Finally, Warner Financial Inc. lifted its position in iShares Russell 1000 Value ETF by 1.6% in the 2nd quarter. Warner Financial Inc. now owns 3,578 shares of the exchange traded fund’s stock valued at $695,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Down 0.5%

Shares of NYSEARCA IWD opened at $211.79 on Monday. The company has a fifty day moving average price of $205.68 and a 200 day moving average price of $200.07. The firm 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 has a 1-year low of $163.19 and a 1-year high of $213.53.

About iShares Russell 1000 Value ETF

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).