Creative Planning Trims Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Creative Planning lessened its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 521,363 shares of the exchange traded fund’s stock after selling 2,864 shares during the quarter. Creative Planning’s holdings in iShares Russell 1000 Value ETF were worth $90,962,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new position in iShares Russell 1000 Value ETF in the second quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the second quarter worth about $28,000. Concord Wealth Partners increased its position in iShares Russell 1000 Value ETF by 70.4% in the 1st quarter. Concord Wealth Partners now owns 167 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 69 shares during the period. Family Firm Inc. purchased a new stake in iShares Russell 1000 Value ETF during the 2nd quarter valued at approximately $37,000. Finally, New England Capital Financial Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF during the 2nd quarter valued at approximately $40,000.

iShares Russell 1000 Value ETF Trading Up 0.4 %

Shares of IWD stock opened at $189.29 on Friday. The company has a market capitalization of $59.30 billion, a P/E ratio of 17.81 and a beta of 0.77. The business’s 50 day moving average is $183.55 and its two-hundred day moving average is $178.24. iShares Russell 1000 Value ETF has a twelve month low of $143.34 and a twelve month high of $190.37.

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).