Rialto Wealth Management LLC Takes $676,000 Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Rialto Wealth Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,651 shares of the exchange traded fund’s stock, valued at approximately $676,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IWD. Peterson Wealth Services acquired a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter worth $32,000. Halbert Hargrove Global Advisors LLC bought a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth $32,000. Hantz Financial Services Inc. bought a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth $35,000. Howe & Rusling Inc. increased its holdings in iShares Russell 1000 Value ETF by 144.1% in the 3rd quarter. Howe & Rusling Inc. now owns 249 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 147 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new position in iShares Russell 1000 Value ETF in the fourth quarter valued at about $46,000.

iShares Russell 1000 Value ETF Trading Up 0.6 %

Shares of IWD stock opened at $189.67 on Friday. The firm has a market capitalization of $61.01 billion, a price-to-earnings ratio of 19.81 and a beta of 0.98. The business’s 50-day moving average price is $191.17 and its 200-day moving average price is $190.59. iShares Russell 1000 Value ETF has a 12 month low of $168.85 and a 12 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).