Franklin Resources Inc. Reduces Stock Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Franklin Resources Inc. lowered its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 29.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 427,773 shares of the exchange traded fund’s stock after selling 181,797 shares during the quarter. Franklin Resources Inc. owned 0.14% of iShares Russell 1000 Value ETF worth $85,052,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IWD. Eagle Bay Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the third quarter worth approximately $32,000. Nemes Rush Group LLC boosted its stake in shares of iShares Russell 1000 Value ETF by 382.1% during the 2nd quarter. Nemes Rush Group LLC now owns 188 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 149 shares during the last quarter. Family Firm Inc. purchased a new position in shares of iShares Russell 1000 Value ETF during the 2nd quarter worth $37,000. New England Capital Financial Advisors LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at $40,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of iShares Russell 1000 Value ETF by 31.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 249 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 60 shares in the last quarter.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA IWD opened at $192.03 on Monday. The business’s fifty day moving average is $193.40 and its 200 day moving average is $185.18. iShares Russell 1000 Value ETF has a fifty-two week low of $160.98 and a fifty-two week high of $200.42. The company has a market capitalization of $60.15 billion, a PE ratio of 17.81 and a beta of 0.77.

iShares Russell 1000 Value ETF 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).