Newport Capital Group LLC Raises Stock Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Newport Capital Group LLC boosted its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 67,424 shares of the exchange traded fund’s stock after buying an additional 1,483 shares during the quarter. iShares Russell 1000 Value ETF accounts for 9.2% of Newport Capital Group LLC’s investment portfolio, making the stock its 3rd biggest position. Newport Capital Group LLC’s holdings in iShares Russell 1000 Value ETF were worth $12,486,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IWD. Concourse Financial Group Securities Inc. grew its holdings in iShares Russell 1000 Value ETF by 3.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,834 shares of the exchange traded fund’s stock worth $348,000 after purchasing an additional 53 shares during the period. Greenwood Gearhart Inc. raised its stake in iShares Russell 1000 Value ETF by 1.7% in the 3rd quarter. Greenwood Gearhart Inc. now owns 3,212 shares of the exchange traded fund’s stock valued at $610,000 after acquiring an additional 54 shares during the period. Sigma Investment Counselors Inc. lifted its holdings in iShares Russell 1000 Value ETF by 0.9% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 6,005 shares of the exchange traded fund’s stock valued at $1,140,000 after purchasing an additional 55 shares during the last quarter. Signature Wealth Management Partners LLC increased its holdings in shares of iShares Russell 1000 Value ETF by 4.7% in the fourth quarter. Signature Wealth Management Partners LLC now owns 1,223 shares of the exchange traded fund’s stock valued at $226,000 after purchasing an additional 55 shares during the last quarter. Finally, PBMares Wealth Management LLC increased its holdings in shares of iShares Russell 1000 Value ETF by 2.4% in the fourth quarter. PBMares Wealth Management LLC now owns 2,378 shares of the exchange traded fund’s stock valued at $440,000 after purchasing an additional 55 shares during the last quarter.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA IWD opened at $194.66 on Friday. The stock has a market cap of $60.98 billion, a PE ratio of 17.81 and a beta of 0.77. The firm has a 50-day moving average of $190.14 and a 200-day moving average of $189.09. iShares Russell 1000 Value ETF has a 52-week low of $165.74 and a 52-week high of $200.42.

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).