iShares Russell 1000 Value ETF (NYSEARCA:IWD) Shares Sold by Melfa Wealth Management Inc.

Melfa Wealth Management Inc. reduced its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,275 shares of the exchange traded fund’s stock after selling 55 shares during the quarter. Melfa Wealth Management Inc.’s holdings in iShares Russell 1000 Value ETF were worth $606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IWD. Eagle Bay Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF during the 3rd quarter worth about $32,000. Nemes Rush Group LLC grew its position in shares of iShares Russell 1000 Value ETF by 382.1% during the second quarter. Nemes Rush Group LLC now owns 188 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 149 shares in the last quarter. Carmichael Hill & Associates Inc. increased its stake in shares of iShares Russell 1000 Value ETF by 536.1% during the third quarter. Carmichael Hill & Associates Inc. now owns 229 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 193 shares during the period. Northwest Investment Counselors LLC acquired a new stake in iShares Russell 1000 Value ETF in the third quarter valued at approximately $44,000. Finally, Howe & Rusling Inc. lifted its stake in iShares Russell 1000 Value ETF by 144.1% in the third quarter. Howe & Rusling Inc. now owns 249 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 147 shares during the last quarter.

iShares Russell 1000 Value ETF Stock Up 1.2 %

NYSEARCA IWD opened at $193.78 on Wednesday. iShares Russell 1000 Value ETF has a 52 week low of $163.99 and a 52 week high of $200.42. The firm has a 50 day moving average of $191.12 and a two-hundred day moving average of $187.52. The stock has a market capitalization of $60.70 billion, a PE 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).