PNC Financial Services Group Inc. Has $748.30 Million Stake in iShares Russell 1000 Value ETF $IWD

PNC Financial Services Group Inc. increased its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,557,589 shares of the exchange traded fund’s stock after purchasing an additional 165,919 shares during the quarter. PNC Financial Services Group Inc. owned about 1.14% of iShares Russell 1000 Value ETF worth $748,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Confluence Investment Management LLC lifted its holdings in iShares Russell 1000 Value ETF by 2,904.9% in the fourth quarter. Confluence Investment Management LLC now owns 568,609 shares of the exchange traded fund’s stock valued at $119,601,000 after buying an additional 549,686 shares during the period. Tcfg Wealth Management LLC grew its holdings in iShares Russell 1000 Value ETF by 12,109.1% during the 3rd quarter. Tcfg Wealth Management LLC now owns 321,587 shares of the exchange traded fund’s stock worth $65,472,000 after acquiring an additional 318,953 shares during the period. Allworth Financial LP raised its position in shares of iShares Russell 1000 Value ETF by 604.9% during the 4th quarter. Allworth Financial LP now owns 320,484 shares of the exchange traded fund’s stock valued at $67,411,000 after acquiring an additional 275,022 shares during the last quarter. SMI Advisory Services LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter valued at $55,463,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of iShares Russell 1000 Value ETF by 615.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 291,173 shares of the exchange traded fund’s stock valued at $59,280,000 after purchasing an additional 250,498 shares during the period. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Down 0.4%

NYSEARCA:IWD opened at $231.72 on Wednesday. iShares Russell 1000 Value ETF has a 12-month low of $184.69 and a 12-month high of $236.01. The firm has a market capitalization of $74.43 billion, a P/E ratio of 18.83 and a beta of 0.84. The stock’s fifty day simple moving average is $222.61 and its 200-day simple moving average is $217.26.

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.