Newport Capital Group LLC Has $12.49 Million Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Newport Capital Group LLC increased its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,424 shares of the exchange traded fund’s stock after purchasing an additional 1,483 shares during the quarter. iShares Russell 1000 Value ETF makes up 9.2% of Newport Capital Group LLC’s portfolio, making the stock its 3rd biggest position. Newport Capital Group LLC’s holdings in iShares Russell 1000 Value ETF were worth $12,486,000 at the end of the most recent reporting period.

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

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD opened at $194.66 on Friday. The firm has a market cap of $60.98 billion, a P/E ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a twelve month low of $165.74 and a twelve month high of $200.42. The firm’s 50 day moving average price is $190.14 and its two-hundred day moving average price is $189.09.

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).