Concorde Asset Management LLC Makes New Investment in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Concorde Asset Management LLC purchased a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,797 shares of the exchange traded fund’s stock, valued at approximately $3,105,000. iShares Russell 1000 Value ETF comprises about 1.9% of Concorde Asset Management LLC’s portfolio, making the stock its 11th biggest holding.

Several other hedge funds have also recently made changes to their positions in the stock. GLOBALT Investments LLC GA bought a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter worth approximately $330,977,000. Envestnet Asset Management Inc. increased its stake in shares of iShares Russell 1000 Value ETF by 21.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,166,594 shares of the exchange traded fund’s stock worth $1,184,280,000 after purchasing an additional 1,282,817 shares in the last quarter. Alaska Permanent Fund Corp raised its holdings in iShares Russell 1000 Value ETF by 85.8% in the 1st quarter. Alaska Permanent Fund Corp now owns 1,929,517 shares of the exchange traded fund’s stock worth $345,596,000 after purchasing an additional 890,764 shares during the period. Cresset Asset Management LLC lifted its position in iShares Russell 1000 Value ETF by 218.0% during the fourth quarter. Cresset Asset Management LLC now owns 1,230,179 shares of the exchange traded fund’s stock valued at $203,287,000 after purchasing an additional 843,389 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in iShares Russell 1000 Value ETF by 162.1% during the first quarter. Cetera Investment Advisers now owns 1,223,017 shares of the exchange traded fund’s stock valued at $219,055,000 after purchasing an additional 756,464 shares during the period.

iShares Russell 1000 Value ETF Stock Down 0.2 %

Shares of IWD opened at $187.30 on Thursday. The business has a 50-day simple moving average of $182.34 and a two-hundred day simple moving average of $177.50. iShares Russell 1000 Value ETF has a 52 week low of $143.34 and a 52 week high of $189.56. The stock has a market cap of $58.67 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77.

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).