M.D. Sass LLC Raises Position in iShares Russell 1000 Value ETF $IWD

M.D. Sass LLC boosted its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 45.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,984 shares of the exchange traded fund’s stock after buying an additional 10,233 shares during the period. iShares Russell 1000 Value ETF makes up about 0.5% of M.D. Sass LLC’s holdings, making the stock its 29th largest holding. M.D. Sass LLC’s holdings in iShares Russell 1000 Value ETF were worth $7,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Reyes Financial Architecture Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter worth about $28,000. MBM Wealth Consultants LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the first quarter worth about $29,000. Grand Wealth Management LLC bought a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth approximately $31,000. Finally, Heritage Wealth Advisors bought a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth approximately $31,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD opened at $246.18 on Friday. The firm’s 50 day simple moving average is $241.66 and its 200 day simple moving average is $228.61. The company has a market capitalization of $80.54 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 1-year low of $191.64 and a 1-year high of $250.50.

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.