Beacon Financial Group Cuts Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Beacon Financial Group lessened its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,061 shares of the exchange traded fund’s stock after selling 343 shares during the period. Beacon Financial Group’s holdings in iShares Russell 1000 Value ETF were worth $1,677,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates boosted its position in iShares Russell 1000 Value ETF by 0.6% during the third quarter. Raymond James & Associates now owns 3,666,344 shares of the exchange traded fund’s stock worth $695,872,000 after purchasing an additional 22,295 shares during the period. LPL Financial LLC lifted its stake in shares of iShares Russell 1000 Value ETF by 0.7% during the 3rd quarter. LPL Financial LLC now owns 3,293,977 shares of the exchange traded fund’s stock valued at $625,197,000 after buying an additional 23,197 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares Russell 1000 Value ETF by 0.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,247,266 shares of the exchange traded fund’s stock worth $616,331,000 after buying an additional 10,304 shares during the period. Synovus Financial Corp grew its stake in iShares Russell 1000 Value ETF by 1.2% in the 3rd quarter. Synovus Financial Corp now owns 2,848,914 shares of the exchange traded fund’s stock valued at $540,724,000 after buying an additional 34,700 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in iShares Russell 1000 Value ETF by 3.8% in the 3rd quarter. Stifel Financial Corp now owns 1,947,425 shares of the exchange traded fund’s stock valued at $369,623,000 after buying an additional 70,612 shares in the last quarter.

iShares Russell 1000 Value ETF Trading Up 0.2 %

Shares of NYSEARCA:IWD opened at $194.11 on Wednesday. The company has a 50 day moving average of $190.29 and a 200 day moving average of $188.98. The stock has a market cap of $60.80 billion, a P/E ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a 12 month low of $164.34 and a 12 month high of $200.42.

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).