Focus Financial Network Inc. Reduces Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Focus Financial Network Inc. lowered its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 47.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,413 shares of the exchange traded fund’s stock after selling 5,734 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares Russell 1000 Value ETF were worth $1,187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in iShares Russell 1000 Value ETF by 0.6% in the third quarter. Raymond James & Associates now owns 3,666,344 shares of the exchange traded fund’s stock valued at $695,872,000 after purchasing an additional 22,295 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares Russell 1000 Value ETF by 0.7% in the 3rd quarter. LPL Financial LLC now owns 3,293,977 shares of the exchange traded fund’s stock valued at $625,197,000 after purchasing an additional 23,197 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of iShares Russell 1000 Value ETF by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,247,266 shares of the exchange traded fund’s stock valued at $616,331,000 after buying an additional 10,304 shares during the last quarter. Synovus Financial Corp grew its position in shares of iShares Russell 1000 Value ETF by 1.2% during the third quarter. Synovus Financial Corp now owns 2,848,914 shares of the exchange traded fund’s stock worth $540,724,000 after buying an additional 34,700 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of iShares Russell 1000 Value ETF by 3.8% in the third quarter. Stifel Financial Corp now owns 1,947,425 shares of the exchange traded fund’s stock worth $369,623,000 after buying an additional 70,612 shares during the last quarter.

iShares Russell 1000 Value ETF Price Performance

NYSEARCA IWD opened at $193.15 on Thursday. The company has a market capitalization of $60.50 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a 12 month low of $164.34 and a 12 month high of $200.42. The company’s fifty day moving average price is $190.22 and its two-hundred day moving average price is $189.06.

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).