First Western Trust Bank Lowers Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

First Western Trust Bank reduced its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 26,398 shares of the exchange traded fund’s stock after selling 544 shares during the period. First Western Trust Bank’s holdings in iShares Russell 1000 Value ETF were worth $4,166,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Magnolia Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF in the 1st quarter valued at about $214,000. Sei Investments Co. lifted its stake in iShares Russell 1000 Value ETF by 123.6% in the 1st quarter. Sei Investments Co. now owns 181,320 shares of the exchange traded fund’s stock valued at $30,141,000 after buying an additional 100,236 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in iShares Russell 1000 Value ETF by 284.4% in the 1st quarter. Allianz Asset Management GmbH now owns 184,280 shares of the exchange traded fund’s stock valued at $30,587,000 after buying an additional 136,345 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in iShares Russell 1000 Value ETF by 1.0% in the 1st quarter. Loomis Sayles & Co. L P now owns 43,099 shares of the exchange traded fund’s stock valued at $7,154,000 after buying an additional 447 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in iShares Russell 1000 Value ETF in the 1st quarter valued at about $2,529,000.

iShares Russell 1000 Value ETF Price Performance

iShares Russell 1000 Value ETF stock traded up $0.13 during midday trading on Monday, reaching $154.77. The company had a trading volume of 1,884,612 shares, compared to its average volume of 1,924,166. The company has a market capitalization of $49.43 billion, a P/E ratio of 13.53 and a beta of 0.95. iShares Russell 1000 Value ETF has a 12-month low of $143.34 and a 12-month high of $164.18. The firm’s fifty day simple moving average is $151.48 and its 200-day simple moving average is $154.63.

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).