Stephens Group Asset Management LLC Grows Stake in iShares Russell 1000 Value ETF $IWD

Stephens Group Asset Management LLC increased its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.3% in the third quarter, Holdings Channel.com reports. The fund owned 431,794 shares of the exchange traded fund’s stock after buying an additional 13,771 shares during the quarter. iShares Russell 1000 Value ETF comprises about 5.9% of Stephens Group Asset Management LLC’s portfolio, making the stock its 7th largest holding. Stephens Group Asset Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $87,909,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the business. Crestwood Advisors Group LLC lifted its holdings in iShares Russell 1000 Value ETF by 1.7% during the 2nd quarter. Crestwood Advisors Group LLC now owns 3,159 shares of the exchange traded fund’s stock valued at $614,000 after buying an additional 52 shares in the last quarter. Rathbones Group PLC grew its position in shares of iShares Russell 1000 Value ETF by 3.0% during the 2nd quarter. Rathbones Group PLC now owns 1,799 shares of the exchange traded fund’s stock worth $349,000 after buying an additional 52 shares in the last quarter. Golden Road Advisors LLC increased its stake in shares of iShares Russell 1000 Value ETF by 1.3% during the second quarter. Golden Road Advisors LLC now owns 4,137 shares of the exchange traded fund’s stock valued at $804,000 after buying an additional 54 shares during the period. Penobscot Investment Management Company Inc. increased its stake in shares of iShares Russell 1000 Value ETF by 4.6% during the second quarter. Penobscot Investment Management Company Inc. now owns 1,250 shares of the exchange traded fund’s stock valued at $243,000 after buying an additional 55 shares during the period. Finally, Warner Financial Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 1.6% in the second quarter. Warner Financial Inc. now owns 3,578 shares of the exchange traded fund’s stock valued at $695,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA:IWD opened at $209.32 on Wednesday. The firm has a 50-day simple moving average of $205.91 and a 200-day simple moving average of $200.38. iShares Russell 1000 Value ETF has a one year low of $163.19 and a one year high of $213.53. The firm has a market cap of $66.58 billion, a P/E ratio of 18.83 and a beta of 0.89.

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).