Corundum Group Inc. Cuts Stock Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Corundum Group Inc. cut its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,116 shares of the exchange traded fund’s stock after selling 4,067 shares during the period. iShares Russell 1000 Value ETF makes up 8.1% of Corundum Group Inc.’s holdings, making the stock its 2nd biggest holding. Corundum Group Inc.’s holdings in iShares Russell 1000 Value ETF were worth $21,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the second quarter valued at about $1,675,000. Edgestream Partners L.P. bought a new stake in iShares Russell 1000 Value ETF in the 2nd quarter worth about $742,000. Hsbc Holdings PLC increased its stake in iShares Russell 1000 Value ETF by 17.2% in the 2nd quarter. Hsbc Holdings PLC now owns 157,857 shares of the exchange traded fund’s stock valued at $27,541,000 after buying an additional 23,168 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of iShares Russell 1000 Value ETF by 17.3% during the 2nd quarter. AE Wealth Management LLC now owns 8,663 shares of the exchange traded fund’s stock worth $1,511,000 after buying an additional 1,279 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of iShares Russell 1000 Value ETF by 4.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 274,573 shares of the exchange traded fund’s stock worth $47,905,000 after buying an additional 11,735 shares during the last quarter.

iShares Russell 1000 Value ETF Stock Up 0.7 %

IWD stock opened at $191.48 on Monday. The firm has a market cap of $59.98 billion, a PE ratio of 17.81 and a beta of 0.77. The business has a 50 day moving average of $191.24 and a 200-day moving average of $187.16. iShares Russell 1000 Value ETF has a 12-month low of $160.98 and a 12-month 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).