Bank of Nova Scotia Lowers Stock Holdings in iShares Russell 1000 Value ETF $IWD

Bank of Nova Scotia cut its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 425,570 shares of the exchange traded fund’s stock after selling 8,310 shares during the quarter. Bank of Nova Scotia owned 0.13% of iShares Russell 1000 Value ETF worth $90,932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gibbs Wealth Management acquired a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter worth approximately $299,000. Sei Investments Co. grew its stake in iShares Russell 1000 Value ETF by 142.5% in the 1st quarter. Sei Investments Co. now owns 84,966 shares of the exchange traded fund’s stock valued at $18,155,000 after acquiring an additional 49,932 shares during the period. Alamar Capital Management LLC purchased a new stake in iShares Russell 1000 Value ETF in the 1st quarter worth $1,716,000. Davis R M Inc. raised its position in iShares Russell 1000 Value ETF by 3.2% during the first quarter. Davis R M Inc. now owns 3,211 shares of the exchange traded fund’s stock worth $686,000 after acquiring an additional 100 shares during the period. Finally, Lido Advisors LLC raised its position in iShares Russell 1000 Value ETF by 69.9% during the first quarter. Lido Advisors LLC now owns 309,810 shares of the exchange traded fund’s stock worth $66,197,000 after acquiring an additional 127,471 shares during the period. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Down 0.5%

IWD opened at $246.18 on Friday. The firm’s fifty day simple moving average is $241.66 and its two-hundred day simple moving average is $228.61. iShares Russell 1000 Value ETF has a 52-week low of $191.64 and a 52-week high of $250.50. The company has a market cap of $80.54 billion, a price-to-earnings 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.