Baron Wealth Management LLC Makes New $3.45 Million Investment in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Baron Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, Holdings Channel.com reports. The firm acquired 18,641 shares of the exchange traded fund’s stock, valued at approximately $3,451,000. iShares Russell 1000 Value ETF comprises approximately 1.6% of Baron Wealth Management LLC’s portfolio, making the stock its 9th largest position.

A number of other large investors have also made changes to their positions in IWD. Raymond James & Associates grew its stake in iShares Russell 1000 Value ETF by 0.6% in the 3rd quarter. Raymond James & Associates now owns 3,666,344 shares of the exchange traded fund’s stock worth $695,872,000 after acquiring an additional 22,295 shares during the period. LPL Financial LLC grew its position in shares of iShares Russell 1000 Value ETF by 0.7% in the third 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 during the period. PNC Financial Services Group Inc. grew its position in shares of iShares Russell 1000 Value ETF by 0.3% in the third 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 purchasing an additional 10,304 shares during the period. Synovus Financial Corp increased its stake in iShares Russell 1000 Value ETF by 1.2% in the third quarter. Synovus Financial Corp now owns 2,848,914 shares of the exchange traded fund’s stock valued at $540,724,000 after purchasing an additional 34,700 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in iShares Russell 1000 Value ETF by 3.8% during 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 period.

iShares Russell 1000 Value ETF Trading Down 0.2 %

Shares of NYSEARCA:IWD opened at $192.93 on Thursday. iShares Russell 1000 Value ETF has a 12-month low of $164.34 and a 12-month high of $200.42. The stock’s 50-day moving average price is $191.09 and its two-hundred day moving average price is $188.14. The firm has a market cap of $60.44 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77.

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).