Ameriprise Financial Inc. Has $281.21 Million Stock Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Ameriprise Financial Inc. raised its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 51.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,519,052 shares of the exchange traded fund’s stock after purchasing an additional 518,274 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.48% of iShares Russell 1000 Value ETF worth $281,207,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IWD. Raymond James Financial Inc. bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth approximately $972,637,000. Wells Fargo & Company MN lifted its position in shares of iShares Russell 1000 Value ETF by 36.6% during the 4th quarter. Wells Fargo & Company MN now owns 6,284,015 shares of the exchange traded fund’s stock valued at $1,163,360,000 after acquiring an additional 1,683,297 shares during the period. Envestnet Asset Management Inc. boosted its stake in iShares Russell 1000 Value ETF by 21.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,877,198 shares of the exchange traded fund’s stock worth $1,458,306,000 after acquiring an additional 1,400,086 shares in the last quarter. Prudential Financial Inc. grew its holdings in iShares Russell 1000 Value ETF by 52.8% in the fourth quarter. Prudential Financial Inc. now owns 2,966,613 shares of the exchange traded fund’s stock worth $549,209,000 after purchasing an additional 1,025,357 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of iShares Russell 1000 Value ETF by 7.8% during the fourth quarter. JPMorgan Chase & Co. now owns 9,252,043 shares of the exchange traded fund’s stock valued at $1,712,831,000 after purchasing an additional 671,710 shares during the period.

iShares Russell 1000 Value ETF Price Performance

IWD stock opened at $184.12 on Tuesday. iShares Russell 1000 Value ETF has a 1 year low of $163.19 and a 1 year high of $200.42. The stock has a market capitalization of $61.20 billion, a PE ratio of 18.54 and a beta of 0.90. The company’s 50-day moving average is $182.81 and its 200-day moving average is $188.73.

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).