iShares Russell 1000 Value ETF (NYSEARCA:IWD) Shares Sold by Morris Financial Concepts Inc.

Morris Financial Concepts Inc. trimmed its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 38.3% in the first quarter, HoldingsChannel reports. The firm owned 7,906 shares of the exchange traded fund’s stock after selling 4,912 shares during the period. iShares Russell 1000 Value ETF makes up 0.7% of Morris Financial Concepts Inc.’s investment portfolio, making the stock its 27th largest position. Morris Financial Concepts Inc.’s holdings in iShares Russell 1000 Value ETF were worth $1,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IWD. Partnership Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $28,000. Headinvest LLC acquired a new stake in iShares Russell 1000 Value ETF in the 3rd quarter valued at about $29,000. CarsonAllaria Wealth Management Ltd. grew its position in shares of iShares Russell 1000 Value ETF by 84.4% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 177 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 81 shares during the period. Access Investment Management LLC bought a new position in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $30,000. Finally, HHM Wealth Advisors LLC lifted its stake in iShares Russell 1000 Value ETF by 60.2% in the fourth quarter. HHM Wealth Advisors LLC now owns 189 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 71 shares in the last quarter.

iShares Russell 1000 Value ETF Trading Down 0.6 %

Shares of NYSEARCA:IWD traded down $1.11 on Monday, hitting $173.36. The company had a trading volume of 1,628,043 shares, compared to its average volume of 1,868,040. The stock has a 50 day moving average price of $175.13 and a 200 day moving average price of $171.41. 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 $54.31 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77.

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).