Covenant Partners LLC Boosts Position in iShares Russell 1000 Value ETF $IWD

Covenant Partners LLC boosted its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,545 shares of the exchange traded fund’s stock after purchasing an additional 7,594 shares during the quarter. iShares Russell 1000 Value ETF comprises approximately 16.7% of Covenant Partners LLC’s portfolio, making the stock its 2nd biggest holding. Covenant Partners LLC owned approximately 0.09% of iShares Russell 1000 Value ETF worth $58,745,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of IWD. JPMorgan Chase & Co. raised its position in shares of iShares Russell 1000 Value ETF by 140.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock valued at $1,777,787,000 after buying an additional 32,036,243 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares Russell 1000 Value ETF by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,599,784 shares of the exchange traded fund’s stock worth $1,281,871,000 after acquiring an additional 57,669 shares in the last quarter. Baird Financial Group Inc. increased its stake in iShares Russell 1000 Value ETF by 12.7% in the second quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock valued at $1,024,618,000 after acquiring an additional 593,784 shares during the last quarter. Raymond James Financial Inc. increased its stake in iShares Russell 1000 Value ETF by 1.6% in the second quarter. Raymond James Financial Inc. now owns 4,978,791 shares of the exchange traded fund’s stock valued at $967,031,000 after acquiring an additional 76,936 shares during the last quarter. Finally, M&T Bank Corp raised its position in iShares Russell 1000 Value ETF by 3.3% during the second quarter. M&T Bank Corp now owns 3,931,029 shares of the exchange traded fund’s stock valued at $763,524,000 after purchasing an additional 126,874 shares in the last quarter. 84.93% of the stock is currently owned by institutional investors.

iShares Russell 1000 Value ETF Stock Up 0.7%

Shares of IWD stock opened at $217.59 on Friday. The business has a 50-day moving average price of $208.93 and a two-hundred day moving average price of $203.11. iShares Russell 1000 Value ETF has a 12-month low of $163.19 and a 12-month high of $217.89. The firm has a market cap of $71.12 billion, a P/E 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). The Index represents approximately 50% of the total market capitalization of the Russell 1000 Index. The Index measures the large-capital value sector of the United States equity market.