Richardson Financial Services Inc. Sells 273 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Richardson Financial Services Inc. cut its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 43.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 355 shares of the exchange traded fund’s stock after selling 273 shares during the period. Richardson Financial Services Inc.’s holdings in iShares Russell 1000 Value ETF were worth $66,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IWD. Eagle Bay Advisors LLC purchased a new position in iShares Russell 1000 Value ETF during the third quarter valued at $32,000. Hantz Financial Services Inc. purchased a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at about $35,000. Carmichael Hill & Associates Inc. increased its holdings in shares of iShares Russell 1000 Value ETF by 536.1% in the third quarter. Carmichael Hill & Associates Inc. now owns 229 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 193 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the third quarter worth about $44,000. Finally, Howe & Rusling Inc. boosted its stake in iShares Russell 1000 Value ETF by 144.1% during the third quarter. Howe & Rusling Inc. now owns 249 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 147 shares during the last quarter.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA IWD opened at $193.54 on Monday. The company has a market capitalization of $60.63 billion, a P/E ratio of 17.81 and a beta of 0.77. The stock has a 50 day moving average price of $190.97 and a 200-day moving average price of $188.36. iShares Russell 1000 Value ETF has a one year low of $164.34 and a one year high of $200.42.

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).