Verus Wealth Management LLC Makes New Investment in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Verus Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,424 shares of the exchange traded fund’s stock, valued at approximately $264,000.

Several other institutional investors also recently modified their holdings of the business. Eagle Bay Advisors LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the 3rd quarter valued at about $32,000. Carmichael Hill & Associates Inc. boosted its holdings in shares of iShares Russell 1000 Value ETF by 536.1% in the third quarter. Carmichael Hill & Associates Inc. now owns 229 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 193 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in iShares Russell 1000 Value ETF during the third quarter valued at approximately $44,000. Howe & Rusling Inc. lifted its holdings in iShares Russell 1000 Value ETF by 144.1% during the third quarter. Howe & Rusling Inc. now owns 249 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 147 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in iShares Russell 1000 Value ETF during the third quarter valued at approximately $51,000.

iShares Russell 1000 Value ETF Stock Performance

IWD stock opened at $193.24 on Wednesday. iShares Russell 1000 Value ETF has a one year low of $164.34 and a one year high of $200.42. The company’s fifty day moving average price is $191.09 and its 200-day moving average price is $188.14. The company has a market capitalization of $60.53 billion, a PE ratio of 17.81 and a beta of 0.77.

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).