Confluence Investment Management LLC Boosts Stake in iShares Russell 1000 Value ETF $IWD

Confluence Investment Management LLC lifted its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2,904.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 568,609 shares of the exchange traded fund’s stock after acquiring an additional 549,686 shares during the period. iShares Russell 1000 Value ETF makes up 1.8% of Confluence Investment Management LLC’s investment portfolio, making the stock its 16th biggest position. Confluence Investment Management LLC owned about 0.17% of iShares Russell 1000 Value ETF worth $119,601,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in iShares Russell 1000 Value ETF by 140.0% in the second quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock valued at $1,777,787,000 after acquiring an additional 32,036,243 shares during the last quarter. Baird Financial Group Inc. lifted its stake in iShares Russell 1000 Value ETF by 12.7% during the second quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock worth $1,024,618,000 after purchasing an additional 593,784 shares during the last quarter. Tcfg Wealth Management LLC boosted its holdings in shares of iShares Russell 1000 Value ETF by 12,109.1% in the 3rd quarter. Tcfg Wealth Management LLC now owns 321,587 shares of the exchange traded fund’s stock worth $65,472,000 after purchasing an additional 318,953 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of iShares Russell 1000 Value ETF by 615.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 291,173 shares of the exchange traded fund’s stock worth $59,280,000 after purchasing an additional 250,498 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of iShares Russell 1000 Value ETF during the 3rd quarter valued at about $40,115,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Trading Down 0.1%

Shares of NYSEARCA IWD opened at $213.95 on Friday. The stock has a market cap of $66.66 billion, a price-to-earnings 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 $226.39. The stock’s 50-day moving average is $220.58 and its 200 day moving average is $211.12.

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). 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.