Wedmont Private Capital Increases Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Wedmont Private Capital has significantly increased its holdings in the iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 49.5% during the fourth quarter of 2024. This information was revealed in the firm’s latest filing with the Securities and Exchange Commission. Following the acquisition of an additional 1,351 shares, Wedmont Private Capital now owns a total of 4,083 shares in this exchange-traded fund. According to their most recent SEC filing, the value of this holding stands at approximately $750,000.

In addition to Wedmont, other large investors have also made adjustments to their stakes in the iShares Russell 1000 Value ETF recently. For instance, Eagle Bay Advisors LLC established a new position in the ETF during the third quarter, investing around $32,000. Similarly, Nemes Rush Group LLC increased its ownership by 382.1% in the second quarter, bringing its total to 188 shares valued at $33,000 after adding 149 shares in the last quarter.

Another noteworthy investment came from Carmichael Hill & Associates Inc., which raised its holdings by an impressive 536.1% in the third quarter, now owning 229 shares valued at $43,000 after acquiring an additional 193 shares. Northwest Investment Counselors LLC also entered the market by purchasing a new stake in the ETF worth $44,000 in the third quarter. Finally, Howe & Rusling Inc. increased its position by 144.1%, now holding 249 shares valued at $47,000 after buying 147 more shares.

Recent Performance of iShares Russell 1000 Value ETF

On Wednesday, shares of the iShares Russell 1000 Value ETF opened at $186.82, reflecting a 0.9% increase. The ETF has a fifty-day simple moving average of $191.52 and a two-hundred-day simple moving average of $186.91. During the past year, the ETF reached a low of $160.98 and a high of $200.42. Currently, the iShares Russell 1000 Value ETF boasts a market capitalization of $58.52 billion, a price-to-earnings (PE) ratio of 17.81, and a beta value of 0.77.

Company Overview

The iShares Russell 1000 Value ETF, formerly known as the iShares Russell 1000 Value Index Fund, is an exchange-traded fund that aims to achieve investment results that generally correspond to the price and yield performance of the large capitalization value segment of the U.S. equity market, as represented by the Russell 1000 Value Index.

Wedmont, ETF, Investment