Wedmont Private Capital Increases Stake in iShares Russell 1000 Value ETF
Wedmont Private Capital has significantly increased its investment in the iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 49.5% during the fourth quarter. This information was disclosed in the firm's latest filing with the Securities and Exchange Commission. After the increase, Wedmont now holds 4,083 shares of the ETF, which it acquired by purchasing an additional 1,351 shares during that time. As per the latest SEC filing, the value of Wedmont's holdings in this ETF is approximately $750,000.
Other institutional investors have also made changes to their positions in iShares Russell 1000 Value ETF recently. For instance, Eagle Bay Advisors LLC established a new position in the ETF during the third quarter, investing around $32,000. Additionally, Nemes Rush Group LLC increased its stake in the ETF by a remarkable 382.1% in the second quarter, bringing its total ownership to 188 shares valued at about $33,000, after acquiring 149 additional shares.
Furthermore, Carmichael Hill & Associates Inc. raised its holdings in this ETF by 536.1% in the third quarter. They now possess 229 shares worth around $43,000, following the addition of 193 shares in the last quarter. Northwest Investment Counselors LLC and Howe & Rusling Inc. also purchased new stakes in the ETF valued at approximately $44,000 and $47,000, respectively, during the third quarter.
Performance Overview of iShares Russell 1000 Value ETF
As of the latest trading session, shares of the iShares Russell 1000 Value ETF opened at $186.82. The ETF has exhibited volatility, with a 12-month low of $160.98 and a high of $200.42. The fund's market capitalization stands at $58.52 billion, with a price-to-earnings (PE) ratio of 17.81. The fund also has a beta of 0.77, indicating its relative stability in comparison to the market.
About iShares Russell 1000 Value ETF
The iShares Russell 1000 Value ETF, previously known as the iShares Russell 1000 Value Index Fund, is an exchange-traded fund that aims to reflect the performance of the large capitalization value segment of the U.S. equity market, as measured by the Russell 1000 Value Index. The ETF focuses on providing investment returns that are aligned with its underlying index, minus fees and expenses.
Investment, ETF, Finance