Hanlon Investment Management Inc. Takes $476,000 Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Hanlon Investment Management Inc. bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,729 shares of the exchange traded fund’s stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 9258 Wealth Management LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter valued at about $229,000. Principal Securities Inc. bought a new position in iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $443,000. Smithfield Trust Co raised its stake in shares of iShares Russell 1000 Value ETF by 32.1% during the fourth quarter. Smithfield Trust Co now owns 515 shares of the exchange traded fund’s stock worth $86,000 after acquiring an additional 125 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 3.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,154 shares of the exchange traded fund’s stock worth $1,843,000 after acquiring an additional 379 shares during the last quarter. Finally, Northwest Financial Advisors purchased a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at $95,000.

iShares Russell 1000 Value ETF Stock Performance

IWD stock opened at $182.60 on Friday. The firm has a market cap of $57.20 billion, a P/E ratio of 17.81 and a beta of 0.77. The firm’s fifty day moving average is $180.48 and its 200 day moving average is $176.60. iShares Russell 1000 Value ETF has a 52 week low of $143.34 and a 52 week high of $188.47.

About iShares Russell 1000 Value ETF

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).