Cornell Pochily Investment Advisors Inc. Takes $740,000 Position in iShares Russell 1000 Value ETF $IWD

Cornell Pochily Investment Advisors Inc. purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the first quarter, HoldingsChannel.com reports. The fund purchased 3,464 shares of the exchange traded fund’s stock, valued at approximately $740,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Morgan Stanley increased its position in iShares Russell 1000 Value ETF by 9.0% during the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after buying an additional 3,280,476 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares Russell 1000 Value ETF by 5.4% in the fourth quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after acquiring an additional 2,686,078 shares in the last quarter. 71 West Capital Partners bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth $240,065,000. Wells Fargo & Company MN boosted its holdings in iShares Russell 1000 Value ETF by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after acquiring an additional 995,230 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of iShares Russell 1000 Value ETF by 151.8% in the fourth quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock worth $297,152,000 after acquiring an additional 851,770 shares during the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA:IWD opened at $243.53 on Tuesday. iShares Russell 1000 Value ETF has a 1-year low of $188.55 and a 1-year high of $245.51. The business has a fifty day moving average price of $233.93 and a 200-day moving average price of $222.97. The company has a market capitalization of $78.22 billion, a PE ratio of 18.83 and a beta of 0.84.

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). The Index represents approximately 50% of the total market capitalization of the Russell 1000 Index. The Index measures the large-capital value sector of the United States equity market.