Global Wealth Management LLC Makes New $1.56 Million Investment in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Global Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,220 shares of the exchange traded fund’s stock, valued at approximately $1,560,000. iShares Russell 1000 Value ETF accounts for about 1.1% of Global Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of IWD. Concourse Financial Group Securities Inc. grew its holdings in iShares Russell 1000 Value ETF by 3.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,834 shares of the exchange traded fund’s stock worth $348,000 after acquiring an additional 53 shares during the period. Sigma Investment Counselors Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 0.9% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 6,005 shares of the exchange traded fund’s stock worth $1,140,000 after purchasing an additional 55 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in iShares Russell 1000 Value ETF by 2.8% during the second quarter. Jaffetilchin Investment Partners LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $358,000 after purchasing an additional 56 shares during the last quarter. Private Portfolio Partners LLC boosted its holdings in iShares Russell 1000 Value ETF by 1.1% during the first quarter. Private Portfolio Partners LLC now owns 5,613 shares of the exchange traded fund’s stock worth $1,005,000 after buying an additional 59 shares in the last quarter. Finally, Ironsides Asset Advisors LLC grew its position in iShares Russell 1000 Value ETF by 0.4% in the first quarter. Ironsides Asset Advisors LLC now owns 14,294 shares of the exchange traded fund’s stock worth $2,560,000 after buying an additional 59 shares during the last quarter.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD traded down $1.27 during trading hours on Friday, hitting $189.27. 1,386,624 shares of the company were exchanged, compared to its average volume of 1,734,543. The company has a market capitalization of $59.29 billion, a PE ratio of 17.81 and a beta of 0.77. The firm has a fifty day simple moving average of $188.00 and a 200-day simple moving average of $180.20. iShares Russell 1000 Value ETF has a one year low of $143.34 and a one year high of $193.77.

About iShares Russell 1000 Value ETF

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).