Red Lighthouse Investment Management LLC Sells 7,962 Shares of iShares Russell 1000 Value ETF $IWD

Red Lighthouse Investment Management LLC lowered its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 85.9% in the second quarter, Holdings Channel reports. The firm owned 1,308 shares of the exchange traded fund’s stock after selling 7,962 shares during the quarter. Red Lighthouse Investment Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC grew its position in iShares Russell 1000 Value ETF by 3.0% in the second quarter. Ashton Thomas Private Wealth LLC now owns 75,703 shares of the exchange traded fund’s stock valued at $14,704,000 after purchasing an additional 2,222 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares Russell 1000 Value ETF by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,599,784 shares of the exchange traded fund’s stock valued at $1,281,871,000 after purchasing an additional 57,669 shares in the last quarter. Resonant Capital Advisors LLC bought a new position in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at about $202,000. Wealthfront Advisers LLC grew its position in shares of iShares Russell 1000 Value ETF by 6.2% in the 2nd quarter. Wealthfront Advisers LLC now owns 1,742 shares of the exchange traded fund’s stock valued at $338,000 after acquiring an additional 101 shares during the period. Finally, Forte Asset Management LLC grew its position in shares of iShares Russell 1000 Value ETF by 8.3% in the 2nd quarter. Forte Asset Management LLC now owns 27,574 shares of the exchange traded fund’s stock valued at $5,356,000 after acquiring an additional 2,117 shares during the period. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD opened at $206.30 on Monday. The firm has a 50-day moving average of $202.40 and a 200-day moving average of $194.19. iShares Russell 1000 Value ETF has a one year low of $163.19 and a one year high of $206.87. The company has a market cap of $65.53 billion, a PE ratio of 18.83 and a beta of 0.95.

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).