D.A. Davidson & CO. Cuts Position in iShares Russell 1000 Value ETF $IWD

D.A. Davidson & CO. trimmed its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 27.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,898 shares of the exchange traded fund’s stock after selling 7,416 shares during the period. D.A. Davidson & CO.’s holdings in iShares Russell 1000 Value ETF were worth $4,252,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IWD. Reyes Financial Architecture Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth approximately $28,000. MBM Wealth Consultants LLC bought a new position in shares of iShares Russell 1000 Value ETF in the first quarter worth approximately $29,000. Heritage Wealth Advisors bought a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth approximately $31,000. Finally, Holos Integrated Wealth LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $31,000. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Trading Down 0.6%

IWD stock opened at $248.03 on Friday. The stock’s 50 day simple moving average is $240.67 and its 200 day simple moving average is $227.49. iShares Russell 1000 Value ETF has a 12-month low of $191.64 and a 12-month high of $250.50. The stock has a market capitalization of $81.81 billion, a PE ratio of 18.83 and a beta of 0.84.

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.