Brightwater Advisory LLC Makes New Investment in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Brightwater Advisory LLC purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 30,010 shares of the exchange traded fund’s stock, valued at approximately $5,236,000. iShares Russell 1000 Value ETF comprises approximately 3.7% of Brightwater Advisory LLC’s investment portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of IWD. Envestnet Asset Management Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 21.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,166,594 shares of the exchange traded fund’s stock worth $1,184,280,000 after buying an additional 1,282,817 shares during the period. Northern Trust Corp lifted its stake in shares of iShares Russell 1000 Value ETF by 6.2% during the fourth quarter. Northern Trust Corp now owns 3,758,131 shares of the exchange traded fund’s stock worth $621,031,000 after buying an additional 220,344 shares during the period. Baird Financial Group Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 1.3% during the fourth quarter. Baird Financial Group Inc. now owns 3,673,642 shares of the exchange traded fund’s stock worth $607,069,000 after buying an additional 45,358 shares during the period. Raymond James & Associates lifted its stake in shares of iShares Russell 1000 Value ETF by 0.3% during the second quarter. Raymond James & Associates now owns 3,644,049 shares of the exchange traded fund’s stock worth $635,777,000 after buying an additional 11,960 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of iShares Russell 1000 Value ETF by 2.5% during the second quarter. LPL Financial LLC now owns 3,270,780 shares of the exchange traded fund’s stock worth $570,653,000 after buying an additional 80,301 shares during the period.

iShares Russell 1000 Value ETF Trading Down 0.4 %

NYSEARCA:IWD opened at $189.06 on Wednesday. iShares Russell 1000 Value ETF has a 12 month low of $143.34 and a 12 month high of $190.37. The firm has a fifty day simple moving average of $183.91 and a 200-day simple moving average of $178.48. The company has a market capitalization of $59.22 billion, a P/E ratio of 17.81 and a beta of 0.77.

iShares Russell 1000 Value ETF Company Profile

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).