Synovus Financial Corp Acquires 34,700 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Synovus Financial Corp raised its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,848,914 shares of the exchange traded fund’s stock after purchasing an additional 34,700 shares during the quarter. iShares Russell 1000 Value ETF makes up 6.3% of Synovus Financial Corp’s holdings, making the stock its 3rd biggest position. Synovus Financial Corp owned about 0.91% of iShares Russell 1000 Value ETF worth $540,724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IWD. Objectivity Squared LLC increased its position in iShares Russell 1000 Value ETF by 6.6% during the second quarter. Objectivity Squared LLC now owns 51,759 shares of the exchange traded fund’s stock worth $9,440,000 after acquiring an additional 3,215 shares during the period. Raymond James & Associates raised its position in shares of iShares Russell 1000 Value ETF by 0.3% in the second quarter. Raymond James & Associates now owns 3,644,049 shares of the exchange traded fund’s stock valued at $635,777,000 after buying an additional 11,960 shares in the last quarter. Bank of New York Mellon Corp grew its position in iShares Russell 1000 Value ETF by 8.8% during the second quarter. Bank of New York Mellon Corp now owns 866,591 shares of the exchange traded fund’s stock worth $151,194,000 after buying an additional 70,330 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in iShares Russell 1000 Value ETF by 13.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 130,392 shares of the exchange traded fund’s stock worth $24,748,000 after buying an additional 14,966 shares in the last quarter. Finally, Lake Hills Wealth Management LLC bought a new position in iShares Russell 1000 Value ETF during the 3rd quarter worth $271,000.

iShares Russell 1000 Value ETF Stock Performance

IWD opened at $192.57 on Friday. The firm has a market cap of $60.32 billion, a P/E ratio of 17.81 and a beta of 0.77. The business’s fifty day moving average is $193.35 and its 200-day moving average is $184.92. iShares Russell 1000 Value ETF has a 52-week low of $159.61 and a 52-week 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).