Montecito Bank & Trust Cuts Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Montecito Bank & Trust trimmed its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,442 shares of the exchange traded fund’s stock after selling 266 shares during the quarter. iShares Russell 1000 Value ETF comprises about 1.6% of Montecito Bank & Trust’s investment portfolio, making the stock its 13th largest holding. Montecito Bank & Trust’s holdings in iShares Russell 1000 Value ETF were worth $9,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of iShares Russell 1000 Value ETF by 13.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 130,392 shares of the exchange traded fund’s stock valued at $24,748,000 after purchasing an additional 14,966 shares in the last quarter. Lake Hills Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF during the 3rd quarter worth $271,000. Comerica Bank boosted its stake in iShares Russell 1000 Value ETF by 2.0% during the 2nd quarter. Comerica Bank now owns 1,009,103 shares of the exchange traded fund’s stock worth $176,058,000 after purchasing an additional 19,400 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of iShares Russell 1000 Value ETF by 49.5% during the fourth quarter. Wedmont Private Capital now owns 4,083 shares of the exchange traded fund’s stock worth $750,000 after buying an additional 1,351 shares in the last quarter. Finally, Widmann Financial Services Inc. raised its position in shares of iShares Russell 1000 Value ETF by 2.0% in the third quarter. Widmann Financial Services Inc. now owns 28,552 shares of the exchange traded fund’s stock valued at $5,419,000 after buying an additional 561 shares during the last quarter.

iShares Russell 1000 Value ETF Trading Up 0.7 %

Shares of IWD opened at $193.95 on Friday. The firm has a 50-day moving average price of $191.07 and a 200 day moving average price of $187.56. The firm has a market capitalization of $60.75 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 $163.99 and a 12-month high of $200.42.

iShares Russell 1000 Value ETF Company 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).