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

Arbor Wealth Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,910 shares of the exchange traded fund’s stock, valued at approximately $316,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headinvest LLC bought a new stake in iShares Russell 1000 Value ETF during the third quarter worth $29,000. Peachtree Investment Partners LLC increased its holdings in shares of iShares Russell 1000 Value ETF by 84.8% in the third quarter. Peachtree Investment Partners LLC now owns 194 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the third quarter valued at $36,000. Federated Hermes Inc. acquired a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at $42,000. Finally, OLD Second National Bank of Aurora acquired a new position in shares of iShares Russell 1000 Value ETF in the third quarter valued at $43,000.

iShares Russell 1000 Value ETF Trading Up 1.0 %

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