Cornerstone Wealth Advisors Inc. Has $2.90 Million Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Cornerstone Wealth Advisors Inc. trimmed its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,663 shares of the exchange traded fund’s stock after selling 113 shares during the period. iShares Russell 1000 Value ETF comprises about 0.8% of Cornerstone Wealth Advisors Inc.’s investment portfolio, making the stock its 17th biggest position. Cornerstone Wealth Advisors Inc.’s holdings in iShares Russell 1000 Value ETF were worth $2,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Eagle Bay Advisors LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the third quarter worth approximately $32,000. Nemes Rush Group LLC grew its holdings in 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 valued at $33,000 after purchasing an additional 149 shares during the period. Carmichael Hill & Associates Inc. boosted its holdings 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 valued at $43,000 after buying an additional 193 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the third quarter worth $44,000. Finally, Howe & Rusling Inc. increased its position in shares of iShares Russell 1000 Value ETF by 144.1% during the third quarter. Howe & Rusling Inc. now owns 249 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 147 shares in the last quarter.

iShares Russell 1000 Value ETF Stock Down 0.1 %

Shares of IWD stock opened at $193.79 on Friday. The firm has a fifty day moving average of $191.07 and a 200-day moving average of $187.60. iShares Russell 1000 Value ETF has a 12-month low of $164.34 and a 12-month high of $200.42. The company has a market capitalization of $60.70 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77.

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).