Cahaba Wealth Management Inc. Reduces Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Cahaba Wealth Management Inc. decreased its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.8% in the second quarter, HoldingsChannel.com reports. The fund owned 12,784 shares of the exchange traded fund’s stock after selling 505 shares during the period. Cahaba Wealth Management Inc.’s holdings in iShares Russell 1000 Value ETF were worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 9258 Wealth Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at about $229,000. Principal Securities Inc. purchased a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $443,000. Smithfield Trust Co increased its holdings in iShares Russell 1000 Value ETF by 32.1% in the 4th quarter. Smithfield Trust Co now owns 515 shares of the exchange traded fund’s stock worth $86,000 after buying an additional 125 shares during the period. Thompson Siegel & Walmsley LLC raised its position in iShares Russell 1000 Value ETF by 3.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,154 shares of the exchange traded fund’s stock worth $1,843,000 after buying an additional 379 shares during the last quarter. Finally, Northwest Financial Advisors acquired a new stake in iShares Russell 1000 Value ETF during the 4th quarter valued at approximately $95,000.

iShares Russell 1000 Value ETF Price Performance

IWD stock opened at $182.66 on Friday. The company has a market capitalization of $57.22 billion, a P/E ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a 12 month low of $143.34 and a 12 month high of $188.47. The firm’s fifty day simple moving average is $180.48 and its 200-day simple moving average is $176.60.

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).