iShares Russell 1000 Value ETF (NYSEARCA:IWD) Shares Sold by Summit Wealth & Retirement Planning Inc.

Summit Wealth & Retirement Planning Inc. reduced its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 67,462 shares of the exchange traded fund’s stock after selling 452 shares during the quarter. iShares Russell 1000 Value ETF makes up 4.0% of Summit Wealth & Retirement Planning Inc.’s portfolio, making the stock its 10th largest position. Summit Wealth & Retirement Planning Inc.’s holdings in iShares Russell 1000 Value ETF were worth $11,770,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. 9258 Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter worth approximately $229,000. Principal Securities Inc. purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter worth approximately $443,000. Dana Investment Advisors Inc. grew its stake in iShares Russell 1000 Value ETF by 10.1% in the 4th quarter. Dana Investment Advisors Inc. now owns 4,825 shares of the exchange traded fund’s stock worth $797,000 after acquiring an additional 441 shares during the period. QRG Capital Management Inc. grew its stake in iShares Russell 1000 Value ETF by 504.1% in the 4th quarter. QRG Capital Management Inc. now owns 22,745 shares of the exchange traded fund’s stock worth $3,759,000 after acquiring an additional 18,980 shares during the period. Finally, Ieq Capital LLC grew its stake in iShares Russell 1000 Value ETF by 10.0% in the 4th quarter. Ieq Capital LLC now owns 22,529 shares of the exchange traded fund’s stock worth $3,723,000 after acquiring an additional 2,055 shares during the period.

iShares Russell 1000 Value ETF Stock Performance

IWD stock opened at $182.60 on Monday. The stock has a market capitalization of $57.20 billion, a P/E ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a one year low of $143.34 and a one year high of $188.47. The company has a 50 day moving average price of $180.48 and a two-hundred day moving average price of $176.71.

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).