Bank of Montreal Can Lowers Stock Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Bank of Montreal Can reduced its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 54.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,665 shares of the exchange traded fund’s stock after selling 16,372 shares during the quarter. Bank of Montreal Can’s holdings in iShares Russell 1000 Value ETF were worth $1,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in IWD. Bartlett & Co. LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the first quarter worth approximately $131,000. Frontier Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF in the first quarter valued at $697,000. Drexel Morgan & Co. boosted its holdings in iShares Russell 1000 Value ETF by 0.4% in the first quarter. Drexel Morgan & Co. now owns 38,716 shares of the exchange traded fund’s stock valued at $3,840,000 after acquiring an additional 146 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in iShares Russell 1000 Value ETF by 19.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 6,270 shares of the exchange traded fund’s stock valued at $622,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Towerpoint Wealth LLC boosted its holdings in iShares Russell 1000 Value ETF by 131.0% in the first quarter. Towerpoint Wealth LLC now owns 41,484 shares of the exchange traded fund’s stock valued at $4,114,000 after acquiring an additional 23,525 shares in the last quarter.

Shares of iShares Russell 1000 Value ETF stock opened at $121.21 on Wednesday. The business has a fifty day simple moving average of $120.18 and a two-hundred day simple moving average of $112.92. iShares Russell 1000 Value ETF has a 12 month low of $84.11 and a 12 month high of $138.88.

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).

Further Reading: Profit Margin

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Institutional Ownership by Quarter for iShares Russell 1000 Value ETF (NYSEARCA:IWD)

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