Beacon Investment Advisory Services Inc. Grows Position in iShares Russell 1000 Value ETF $IWD

Beacon Investment Advisory Services Inc. raised its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1,036.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,181 shares of the exchange traded fund’s stock after acquiring an additional 22,053 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in iShares Russell 1000 Value ETF were worth $5,086,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Clayton Financial Group LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the third quarter valued at about $27,000. Holos Integrated Wealth LLC acquired a new position in iShares Russell 1000 Value ETF during the fourth quarter worth about $31,000. Clarity Asset Management Inc. purchased a new position in iShares Russell 1000 Value ETF in the second quarter valued at about $35,000. Davis Capital Management acquired a new stake in shares of iShares Russell 1000 Value ETF during the 3rd quarter valued at approximately $38,000. Finally, Aberdeen Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at approximately $39,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA:IWD opened at $210.05 on Monday. The firm has a market capitalization of $65.44 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89. The business’s 50 day simple moving average is $219.90 and its 200-day simple moving average is $211.74. iShares Russell 1000 Value ETF has a 12 month low of $163.19 and a 12 month high of $226.39.

iShares Russell 1000 Value ETF Company 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.