First Business Financial Services Inc. Increases Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

First Business Financial Services Inc. raised its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 494,375 shares of the exchange traded fund’s stock after acquiring an additional 10,018 shares during the quarter. iShares Russell 1000 Value ETF comprises 10.8% of First Business Financial Services Inc.’s portfolio, making the stock its 3rd largest position. First Business Financial Services Inc. owned approximately 0.16% of iShares Russell 1000 Value ETF worth $63,409,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley boosted its position in shares of iShares Russell 1000 Value ETF by 1.3% during the second quarter. Morgan Stanley now owns 8,597,967 shares of the exchange traded fund’s stock worth $1,093,834,000 after purchasing an additional 113,904 shares in the last quarter. UBS Group AG raised its holdings in shares of iShares Russell 1000 Value ETF by 1.6% during the second quarter. UBS Group AG now owns 5,679,840 shares of the exchange traded fund’s stock worth $722,589,000 after acquiring an additional 89,062 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 4,782,085 shares of the exchange traded fund’s stock worth $613,350,000 after acquiring an additional 184,048 shares during the period. Wells Fargo & Company MN raised its holdings in shares of iShares Russell 1000 Value ETF by 1.9% during the second quarter. Wells Fargo & Company MN now owns 4,340,755 shares of the exchange traded fund’s stock worth $552,231,000 after acquiring an additional 81,269 shares during the period. Finally, Synovus Financial Corp raised its holdings in shares of iShares Russell 1000 Value ETF by 1.4% during the third quarter. Synovus Financial Corp now owns 3,341,198 shares of the exchange traded fund’s stock worth $428,552,000 after acquiring an additional 47,673 shares during the period.

Shares of NYSEARCA:IWD traded up $0.22 during midday trading on Friday, reaching $133.12. 1,332,434 shares of the company were exchanged, compared to its average volume of 1,963,868. iShares Russell 1000 Value ETF has a fifty-two week low of $104.07 and a fifty-two week high of $133.43. The stock has a fifty day simple moving average of $128.66 and a two-hundred day simple moving average of $126.66.

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).

Featured Article: What are some reasons analysts would give stocks a buy rating?

Institutional Ownership by Quarter for iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Receive News & Ratings for iShares Russell 1000 Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Russell 1000 Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.