Melfa Wealth Management Inc. Decreases Stock Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Melfa Wealth Management Inc. lessened its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,275 shares of the exchange traded fund’s stock after selling 55 shares during the quarter. Melfa Wealth Management Inc.’s holdings in iShares Russell 1000 Value ETF were worth $606,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC grew its position in iShares Russell 1000 Value ETF by 3.0% in the fourth quarter. Global Trust Asset Management LLC now owns 2,257 shares of the exchange traded fund’s stock worth $418,000 after acquiring an additional 66 shares during the period. Advisory Alpha LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter worth about $388,000. Dakota Wealth Management increased its position in shares of iShares Russell 1000 Value ETF by 175.2% during the 4th quarter. Dakota Wealth Management now owns 11,874 shares of the exchange traded fund’s stock worth $2,198,000 after purchasing an additional 7,559 shares during the last quarter. XML Financial LLC raised its holdings in iShares Russell 1000 Value ETF by 0.4% in the 4th quarter. XML Financial LLC now owns 69,572 shares of the exchange traded fund’s stock valued at $12,880,000 after buying an additional 260 shares during the period. Finally, Genesis Private Wealth LLC acquired a new position in iShares Russell 1000 Value ETF in the fourth quarter valued at about $11,281,000.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD opened at $193.78 on Wednesday. The firm has a 50-day simple moving average of $191.12 and a two-hundred day simple moving average of $187.52. The stock has a market cap of $60.70 billion, a PE ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a 1-year low of $163.99 and a 1-year high of $200.42.

iShares Russell 1000 Value ETF Company Profile

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).