Brendel Financial Advisors LLC Cuts Stock Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Brendel Financial Advisors LLC trimmed its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,923 shares of the exchange traded fund’s stock after selling 141 shares during the period. Brendel Financial Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $745,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IWD. GLOBALT Investments LLC GA bought a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at about $330,977,000. Alaska Permanent Fund Corp raised its stake in shares of iShares Russell 1000 Value ETF by 85.8% during the first quarter. Alaska Permanent Fund Corp now owns 1,929,517 shares of the exchange traded fund’s stock valued at $345,596,000 after acquiring an additional 890,764 shares during the last quarter. Cetera Investment Advisers raised its stake in iShares Russell 1000 Value ETF by 162.1% in the first quarter. Cetera Investment Advisers now owns 1,223,017 shares of the exchange traded fund’s stock worth $219,055,000 after buying an additional 756,464 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in iShares Russell 1000 Value ETF by 17,863.4% in the second quarter. Strategic Financial Concepts LLC now owns 414,955 shares of the exchange traded fund’s stock worth $724,000 after buying an additional 412,645 shares in the last quarter. Finally, Pathstone Holdings LLC bought a new position in iShares Russell 1000 Value ETF in the fourth quarter worth about $54,936,000.

iShares Russell 1000 Value ETF Price Performance

IWD stock traded down $0.25 during trading on Thursday, reaching $189.63. The company had a trading volume of 386,138 shares, compared to its average volume of 1,746,367. iShares Russell 1000 Value ETF has a 52 week low of $143.34 and a 52 week high of $190.37. The company has a market cap of $59.40 billion, a P/E ratio of 17.81 and a beta of 0.77. The business has a 50 day moving average of $184.81 and a 200 day moving average of $179.02.

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).