iShares Russell 1000 Value ETF $IWD is Westshore Wealth LLC’s 3rd Largest Position

Westshore Wealth LLC trimmed its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,391 shares of the exchange traded fund’s stock after selling 4,420 shares during the period. iShares Russell 1000 Value ETF comprises 6.9% of Westshore Wealth LLC’s investment portfolio, making the stock its 3rd largest position. Westshore Wealth LLC’s holdings in iShares Russell 1000 Value ETF were worth $19,741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley raised its stake in shares of iShares Russell 1000 Value ETF by 9.0% during the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock worth $8,342,840,000 after acquiring an additional 3,280,476 shares in the last quarter. Bank of America Corp DE raised its position in iShares Russell 1000 Value ETF by 5.4% in the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after purchasing an additional 2,686,078 shares during the period. 71 West Capital Partners bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth $240,065,000. Wells Fargo & Company MN boosted its position in iShares Russell 1000 Value ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock valued at $1,240,116,000 after buying an additional 995,230 shares during the period. Finally, Fifth Third Bancorp boosted its position in iShares Russell 1000 Value ETF by 324.3% during the first quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock valued at $254,645,000 after buying an additional 910,889 shares during the period. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Up 0.4%

Shares of NYSEARCA:IWD opened at $251.82 on Friday. The stock has a market capitalization of $82.03 billion, a P/E ratio of 18.83 and a beta of 0.84. The stock’s 50-day moving average price is $243.68 and its 200-day moving average price is $229.97. iShares Russell 1000 Value ETF has a 12-month low of $191.64 and a 12-month high of $252.73.

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). 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.