Arbor Wealth Advisors LLC Purchases New Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Arbor Wealth Advisors LLC purchased a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,910 shares of the exchange traded fund’s stock, valued at approximately $316,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in iShares Russell 1000 Value ETF by 0.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,735,247 shares of the exchange traded fund’s stock valued at $1,326,185,000 after purchasing an additional 77,652 shares during the last quarter. Pathstone Family Office LLC lifted its holdings in iShares Russell 1000 Value ETF by 2,323.4% during the 3rd quarter. Pathstone Family Office LLC now owns 5,038,517 shares of the exchange traded fund’s stock valued at $764,948,000 after purchasing an additional 4,830,607 shares during the last quarter. Synovus Financial Corp lifted its holdings in iShares Russell 1000 Value ETF by 2.5% during the 3rd quarter. Synovus Financial Corp now owns 4,824,149 shares of the exchange traded fund’s stock valued at $732,408,000 after purchasing an additional 117,900 shares during the last quarter. Raymond James & Associates lifted its holdings in iShares Russell 1000 Value ETF by 5.4% during the 4th quarter. Raymond James & Associates now owns 3,644,855 shares of the exchange traded fund’s stock valued at $602,312,000 after purchasing an additional 187,321 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in iShares Russell 1000 Value ETF by 3.2% during the 3rd quarter. LPL Financial LLC now owns 2,677,349 shares of the exchange traded fund’s stock valued at $406,475,000 after purchasing an additional 82,164 shares during the last quarter.

iShares Russell 1000 Value ETF Trading Up 1.0 %

IWD stock traded up $1.68 during trading on Tuesday, hitting $173.66. 1,765,237 shares of the stock traded hands, compared to its average volume of 2,181,898. The stock has a market cap of $54.42 billion, a price-to-earnings ratio of 17.74 and a beta of 0.80. iShares Russell 1000 Value ETF has a one year low of $143.34 and a one year high of $179.56. The company has a 50 day simple moving average of $173.38 and a 200 day simple moving average of $163.79.

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).