Verus Financial Partners Inc. Makes New $2.28 Million Investment in iShares Russell 1000 Value ETF $IWD

Verus Financial Partners Inc. bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,204 shares of the exchange traded fund’s stock, valued at approximately $2,282,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new position in iShares Russell 1000 Value ETF in the 3rd quarter worth approximately $3,556,000. Capital Investment Advisors LLC purchased a new position in iShares Russell 1000 Value ETF during the 3rd quarter worth approximately $6,532,000. Evanson Financial LLC acquired a new stake in iShares Russell 1000 Value ETF during the 2nd quarter valued at approximately $3,582,000. Barrett & Company Inc. acquired a new stake in iShares Russell 1000 Value ETF during the 3rd quarter valued at approximately $2,013,000. Finally, HB Wealth Management LLC lifted its stake in iShares Russell 1000 Value ETF by 3.4% during the 2nd quarter. HB Wealth Management LLC now owns 244,415 shares of the exchange traded fund’s stock valued at $59,254,000 after acquiring an additional 8,104 shares during the period. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

IWD stock opened at $258.65 on Friday. The firm’s fifty day simple moving average is $254.79 and its 200-day simple moving average is $238.12. The company has a market capitalization of $82.95 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 12 month low of $199.79 and a 12 month high of $260.82.

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). 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.