Envestnet Asset Management Inc. Has $1.46 Billion Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Envestnet Asset Management Inc. lifted its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 21.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,877,198 shares of the exchange traded fund’s stock after acquiring an additional 1,400,086 shares during the quarter. Envestnet Asset Management Inc. owned approximately 2.51% of iShares Russell 1000 Value ETF worth $1,458,306,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $26,000. Peterson Wealth Services acquired a new position in iShares Russell 1000 Value ETF during the fourth quarter valued at $32,000. Halbert Hargrove Global Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter worth about $32,000. VSM Wealth Advisory LLC acquired a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth about $34,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at about $35,000.

iShares Russell 1000 Value ETF Price Performance

NYSEARCA IWD opened at $170.39 on Friday. The firm has a market capitalization of $56.03 billion, a price-to-earnings ratio of 19.48 and a beta of 0.90. The company has a 50 day simple moving average of $190.40 and a 200-day simple moving average of $190.71. iShares Russell 1000 Value ETF has a 52-week low of $168.85 and a 52-week high of $200.42.

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).