Coastline Trust Co has expanded its investment in the iShares Russell 1000 Value ETF (NYSEARCA:IWD) by **11.8%** during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the firm now holds **6,551 shares** of the exchange-traded fund after acquiring an additional **692 shares**. The total value of Coastline’s holdings in the ETF stands at approximately **$1,272,000** as of the end of the reporting period.
Several other institutional investors have also adjusted their positions in the iShares Russell 1000 Value ETF. **InvesTrust** increased its stake by **0.6%**, bringing its total to **10,331 shares** valued at **$2,007,000** after acquiring **59 shares** during the quarter. Similarly, **U.S. Capital Wealth Advisors LLC** enhanced its investment by **0.6%**, now owning **10,150 shares** worth **$1,971,000** following the purchase of **59 shares**.
In addition to these firms, **Armstrong Advisory Group Inc.** boosted its stake in the ETF by **3.0%**, resulting in ownership of **2,115 shares** valued at **$411,000** after acquiring **61 shares**. **Gries Financial LLC** also raised its investment by **0.6%**, now holding **11,108 shares** with a total value of **$2,158,000** after purchasing another **61 shares**.
**Harbor Investment Advisory LLC** made a smaller adjustment, increasing its position by **0.3%** in the first quarter, bringing its total to **19,548 shares** valued at **$3,678,000** following the acquisition of **63 shares**. Collectively, institutional investors hold approximately **84.93%** of the ETF, reflecting strong professional interest in this investment vehicle.
Market Performance and Overview
As of the latest trading session, iShares Russell 1000 Value ETF opened at **$202.98**. The ETF has experienced fluctuations over the past year, recording a **low of $163.19** and a **high of $204.02**. The fund boasts a market capitalization of **$64.06 billion** and a price-to-earnings ratio of **18.83**, indicating its valuation relative to earnings.
The ETF’s historical performance is supported by a **50-day simple moving average** of **$199.56** and a **200-day simple moving average** of **$191.27**. The iShares Russell 1000 Value ETF primarily aims to mirror the performance of the large capitalization value sector of the U.S. equity market, specifically tracking the Russell 1000 Value Index. This focus on large-cap value stocks positions the fund as an appealing option for investors seeking exposure to this segment of the market.
The continued interest from institutional investors highlights the ETF’s potential as a stable investment choice within a diversified portfolio. As market dynamics evolve, the iShares Russell 1000 Value ETF remains a focal point for those looking to capitalize on value-oriented equity opportunities.
