Burke & Herbert Bank & Trust Co. Sells 107,690 Shares of iShares Russell 1000 Value ETF $IWD

Burke & Herbert Bank & Trust Co. lessened its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 95.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,237 shares of the exchange traded fund’s stock after selling 107,690 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in iShares Russell 1000 Value ETF were worth $1,298,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Baird Financial Group Inc. boosted its position in iShares Russell 1000 Value ETF by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 6,192,377 shares of the exchange traded fund’s stock worth $1,501,218,000 after purchasing an additional 165,599 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at $374,407,000. Stairway Partners LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at $326,735,000. Fifth Third Bancorp lifted its stake in shares of iShares Russell 1000 Value ETF by 324.3% in the 1st quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock valued at $254,645,000 after purchasing an additional 910,889 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in iShares Russell 1000 Value ETF during the third quarter worth $217,500,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

IWD stock traded down $0.93 during midday trading on Friday, hitting $257.45. 2,725,564 shares of the stock traded hands, compared to its average volume of 2,644,905. The firm has a market cap of $82.83 billion, a P/E ratio of 18.83 and a beta of 0.84. The stock’s fifty day simple moving average is $254.98 and its 200-day simple moving average is $239.16. iShares Russell 1000 Value ETF has a 1-year low of $199.79 and a 1-year high of $267.24.

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.