Pointe Capital Management LLC Increases Stock Position in iShares Russell 1000 Value ETF $IWD

Pointe Capital Management LLC increased its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,534 shares of the exchange traded fund’s stock after acquiring an additional 2,238 shares during the period. iShares Russell 1000 Value ETF comprises about 3.7% of Pointe Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Pointe Capital Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $8,372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Timbuktu Capital Management LLC bought a new stake in iShares Russell 1000 Value ETF in the second quarter valued at $25,000. Markowski Investments acquired a new position in iShares Russell 1000 Value ETF during the second quarter worth $28,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at $28,000. MBM Wealth Consultants LLC bought a new position in shares of iShares Russell 1000 Value ETF during the first quarter valued at $29,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at $30,000. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

IWD opened at $255.53 on Wednesday. The firm’s 50-day simple moving average is $252.97 and its 200-day simple moving average is $236.97. iShares Russell 1000 Value ETF has a twelve month low of $199.40 and a twelve month high of $260.19. The firm has a market cap of $83.02 billion, a price-to-earnings ratio of 18.83 and a beta of 0.83.

iShares Russell 1000 Value ETF Company 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.