iShares Russell 1000 Value ETF Sees Unusually Large Options Volume (NYSEARCA:IWD)

iShares Russell 1000 Value ETF (NYSEARCA:IWD) was the target of unusually large options trading activity on Thursday. Stock traders bought 5,102 put options on the stock. This represents an increase of 447% compared to the typical daily volume of 932 put options.

iShares Russell 1000 Value ETF Trading Down 6.1 %

Shares of IWD opened at $170.39 on Friday. The company has a 50-day moving average of $190.40 and a two-hundred day moving average of $190.71. The stock has a market cap of $56.03 billion, a P/E ratio of 19.48 and a beta of 0.90. iShares Russell 1000 Value ETF has a 12-month low of $168.85 and a 12-month high of $200.42.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at $972,637,000. Bank of America Corp DE lifted its holdings in iShares Russell 1000 Value ETF by 9.5% in the 4th quarter. Bank of America Corp DE now owns 54,061,592 shares of the exchange traded fund’s stock valued at $10,008,423,000 after purchasing an additional 4,699,792 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of iShares Russell 1000 Value ETF by 36.6% during the 4th quarter. Wells Fargo & Company MN now owns 6,284,015 shares of the exchange traded fund’s stock worth $1,163,360,000 after purchasing an additional 1,683,297 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell 1000 Value ETF by 21.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,877,198 shares of the exchange traded fund’s stock worth $1,458,306,000 after purchasing an additional 1,400,086 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of iShares Russell 1000 Value ETF by 52.8% during the fourth quarter. Prudential Financial Inc. now owns 2,966,613 shares of the exchange traded fund’s stock worth $549,209,000 after buying an additional 1,025,357 shares in the last quarter.

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).