Summit Financial LLC Boosts Stock Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Summit Financial LLC lifted its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,204 shares of the exchange traded fund’s stock after purchasing an additional 7,311 shares during the period. Summit Financial LLC’s holdings in iShares Russell 1000 Value ETF were worth $10,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at about $26,000. Peterson Wealth Services acquired a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $32,000. Halbert Hargrove Global Advisors LLC purchased a new position in iShares Russell 1000 Value ETF in the fourth quarter worth approximately $32,000. VSM Wealth Advisory LLC acquired a new position in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. acquired a new position in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $35,000.

iShares Russell 1000 Value ETF Trading Down 1.4 %

Shares of IWD opened at $186.27 on Monday. The firm has a market capitalization of $60.25 billion, a price-to-earnings ratio of 19.31 and a beta of 0.97. The firm’s fifty day simple moving average is $191.37 and its 200-day simple moving average is $190.87. iShares Russell 1000 Value ETF has a twelve month low of $168.85 and a twelve month high of $200.42.

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).