Geneos Wealth Management Inc. Trims Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Geneos Wealth Management Inc. reduced its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,035 shares of the exchange traded fund’s stock after selling 279 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares Russell 1000 Value ETF were worth $1,117,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James & Associates increased its position in iShares Russell 1000 Value ETF by 0.6% during the 3rd quarter. Raymond James & Associates now owns 3,666,344 shares of the exchange traded fund’s stock valued at $695,872,000 after purchasing an additional 22,295 shares during the period. LPL Financial LLC boosted its stake in shares of iShares Russell 1000 Value ETF by 0.7% during the third quarter. LPL Financial LLC now owns 3,293,977 shares of the exchange traded fund’s stock valued at $625,197,000 after purchasing an additional 23,197 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in iShares Russell 1000 Value ETF by 0.3% during the third quarter. PNC Financial Services Group Inc. now owns 3,247,266 shares of the exchange traded fund’s stock valued at $616,331,000 after buying an additional 10,304 shares during the period. Synovus Financial Corp increased its holdings in iShares Russell 1000 Value ETF by 1.2% during the third quarter. Synovus Financial Corp now owns 2,848,914 shares of the exchange traded fund’s stock valued at $540,724,000 after buying an additional 34,700 shares during the period. Finally, Stifel Financial Corp raised its stake in iShares Russell 1000 Value ETF by 3.8% in the third quarter. Stifel Financial Corp now owns 1,947,425 shares of the exchange traded fund’s stock worth $369,623,000 after buying an additional 70,612 shares in the last quarter.

iShares Russell 1000 Value ETF Trading Up 0.3 %

Shares of NYSEARCA IWD opened at $194.45 on Tuesday. iShares Russell 1000 Value ETF has a 12-month low of $164.34 and a 12-month high of $200.42. The stock’s fifty day simple moving average is $191.08 and its two-hundred day simple moving average is $187.92. The stock has a market capitalization of $60.91 billion, a PE 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).