Global Strategic Investment Solutions LLC has reduced its stake in the iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.9% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the firm now holds 6,783 shares of the exchange-traded fund after selling 60 shares in the period. The value of Global Strategic’s investment in the ETF stood at approximately $1,317,000 at the end of the quarter.
Several other institutional investors have also made adjustments to their holdings in the iShares Russell 1000 Value ETF. For instance, Brighton Jones LLC increased its stake by 8.9% during the fourth quarter, acquiring an additional 2,981 shares, bringing its total to 36,663 shares valued at $6,787,000. Similarly, Bison Wealth LLC grew its holdings by 13.9% in the same quarter, now owning 4,121 shares worth $763,000 after purchasing 502 additional shares.
Furthermore, Rhumbline Advisers made a significant move in the first quarter, boosting its stake in the ETF by an impressive 104.3%. This brought their ownership to 40,272 shares valued at $7,578,000, following the acquisition of 20,563 shares. Other notable changes include the establishment of a new stake by Eagle Rock Investment Company LLC, valued at approximately $233,000, and Miracle Mile Advisors LLC, which increased its holdings by 113.3%, now possessing 12,326 shares valued at $2,319,000.
Overall, institutional investors and hedge funds collectively own approximately 84.93% of the iShares Russell 1000 Value ETF, indicating a strong interest in this investment vehicle.
Stock Performance and Overview
As of the latest trading session, shares of the iShares Russell 1000 Value ETF opened at $204.96. The ETF has experienced fluctuations over the past year, with a low of $163.19 and a high of $206.01. Currently, the ETF holds a market capitalization of $64.58 billion and a price-to-earnings (P/E) ratio of 18.83. The stock has a beta of 0.95, suggesting it is slightly less volatile than the broader market. Additionally, its 50-day simple moving average is $200.15, while the 200-day simple moving average stands at $191.87.
The iShares Russell 1000 Value ETF aims to reflect the price and yield performance of the large capitalization value sector of the U.S. equity market, as represented by the Russell 1000 Value Index. This strategic focus provides investors with exposure to a diverse range of companies within the value segment.
As institutional interest remains strong, the iShares Russell 1000 Value ETF continues to be a significant player in the investment landscape, attracting a broad range of investors seeking to capitalize on value opportunities in the market.
