Wedmont Private Capital Increases Holdings in iShares Russell 1000 Value ETF

Wedmont Private Capital has significantly expanded its investment in the iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the fourth quarter. According to a recent filing with the Securities and Exchange Commission, the firm raised its holdings by 49.5%. This adjustment resulted in Wedmont Private Capital owning a total of 4,083 shares of the ETF after acquiring an additional 1,351 shares during this period. As of their latest report, these holdings are valued at approximately $750,000.

In addition to Wedmont's investment, other large investors have also adjusted their stakes in the iShares Russell 1000 Value ETF recently. For instance, Eagle Bay Advisors LLC made a new investment in the ETF during the third quarter, amounting to about $32,000. Meanwhile, Nemes Rush Group LLC saw a substantial increase in its holdings, raising its position by 382.1% in the second quarter, resulting in ownership of 188 shares now valued at $33,000 after purchasing an additional 149 shares in the last quarter.

Also noteworthy is Carmichael Hill & Associates Inc., which increased its holdings by 536.1% during the third quarter and now owns 229 shares valued at $43,000, following a purchase of 193 more shares. Northwest Investment Counselors LLC and Howe & Rusling Inc. also added to their investments during the third quarter, bringing their total shares to 249, which are valued at $47,000 after acquiring 147 additional shares.

Current Performance of iShares Russell 1000 Value ETF

On Wednesday, shares of the iShares Russell 1000 Value ETF opened at $186.82. The ETF’s performance can be tracked via its fifty-day simple moving average of $191.52 and a two-hundred-day simple moving average of $186.91. Over the past year, the ETF recorded a low of $160.98 and a high of $200.42. The fund currently has a market capitalization of $58.52 billion, a price-to-earnings ratio of 17.81, and a beta of 0.77, indicating its volatility compared to the market.

About iShares Russell 1000 Value ETF

The iShares Russell 1000 Value ETF, previously known as the iShares Russell 1000 Value Index Fund, is designed to mirror the price and yield performance of the large capitalization value sector in the U.S. equity market. It aims to replicate the performance of the Russell 1000 Value Index.

Final Thoughts

The recent activity in the iShares Russell 1000 Value ETF demonstrates a growing interest among various investors, highlighting its significance in the investment landscape. As market conditions evolve, it will be interesting to observe how these changes impact the ETF's performance over time.

investment, ETF, portfolio