Synovus Financial Corp Increases Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Synovus Financial Corp boosted its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,848,914 shares of the exchange traded fund’s stock after purchasing an additional 34,700 shares during the period. iShares Russell 1000 Value ETF comprises about 6.3% of Synovus Financial Corp’s holdings, making the stock its 3rd largest holding. Synovus Financial Corp’s holdings in iShares Russell 1000 Value ETF were worth $540,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in iShares Russell 1000 Value ETF in the second quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the third quarter valued at about $32,000. Nemes Rush Group LLC raised its position in shares of iShares Russell 1000 Value ETF by 382.1% during the second quarter. Nemes Rush Group LLC now owns 188 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 149 shares during the last quarter. Family Firm Inc. bought a new position in shares of iShares Russell 1000 Value ETF during the second quarter worth about $37,000. Finally, Carmichael Hill & Associates Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 536.1% in the third quarter. Carmichael Hill & Associates Inc. now owns 229 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 193 shares during the period.

iShares Russell 1000 Value ETF Stock Performance

iShares Russell 1000 Value ETF stock opened at $192.57 on Friday. The firm has a market cap of $60.32 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a 52-week low of $159.61 and a 52-week high of $200.42. The firm has a 50 day moving average price of $193.35 and a two-hundred day moving average price of $184.92.

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).