Pinnacle Wealth Planning Services Inc. Buys 1,834 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Pinnacle Wealth Planning Services Inc. grew its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,098 shares of the exchange traded fund’s stock after buying an additional 1,834 shares during the quarter. iShares Russell 1000 Value ETF accounts for approximately 0.1% of Pinnacle Wealth Planning Services Inc.’s portfolio, making the stock its 22nd largest holding. Pinnacle Wealth Planning Services Inc.’s holdings in iShares Russell 1000 Value ETF were worth $4,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IWD. Raymond James Financial Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter worth about $972,637,000. M&T Bank Corp boosted its holdings in shares of iShares Russell 1000 Value ETF by 4.9% during the fourth quarter. M&T Bank Corp now owns 3,720,837 shares of the exchange traded fund’s stock worth $688,838,000 after purchasing an additional 173,058 shares during the period. LPL Financial LLC boosted its holdings 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 worth $625,197,000 after purchasing an additional 23,197 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of 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 worth $616,331,000 after purchasing an additional 10,304 shares during the period. Finally, Synovus Financial Corp boosted its holdings in shares of 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 worth $540,724,000 after purchasing an additional 34,700 shares during the period.

iShares Russell 1000 Value ETF Trading Up 0.9 %

iShares Russell 1000 Value ETF stock opened at $190.33 on Thursday. The firm has a 50-day moving average of $191.09 and a 200-day moving average of $190.57. The firm has a market cap of $61.22 billion, a P/E ratio of 19.81 and a beta of 0.98. iShares Russell 1000 Value ETF has a 1-year low of $168.85 and a 1-year high of $200.42.

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).