Wedmont Private Capital Increases Investment in iShares Russell 1000 Value ETF

Wedmont Private Capital has significantly increased its investment in the iShares Russell 1000 Value ETF (NYSEARCA:IWD), raising its stake by 49.5% during the fourth quarter. The firm now holds a total of 4,083 shares after purchasing an additional 1,351 shares in this period. According to its latest filing with the Securities and Exchange Commission (SEC), the value of Wedmont's holdings in this exchange-traded fund is approximately $750,000.

In addition to Wedmont Private Capital, other sizable investors have also adjusted their positions in the iShares Russell 1000 Value ETF recently. For instance, Eagle Bay Advisors LLC entered the fray by acquiring a new investment worth about $32,000 in the third quarter. Meanwhile, Nemes Rush Group LLC saw a substantial increase in its holdings, growing its shares by 382.1% during the second quarter, to reach 188 shares valued at $33,000 following an acquisition of 149 shares. Carmichael Hill & Associates Inc. also expanded its position significantly, increasing its holdings by 536.1% during the third quarter, now owning 229 shares valued at $43,000 after adding 193 shares. Other notable investors included Northwest Investment Counselors LLC, which bought a new stake worth $44,000, and Howe & Rusling Inc., which boosted its holdings by 144.1% in the same quarter, owning 249 shares worth $47,000.

iShares Russell 1000 Value ETF Market Performance

As of Wednesday, shares of the iShares Russell 1000 Value ETF opened at $186.82. The ETF has demonstrated a fifty-day simple moving average of $191.52 and a two-hundred-day simple moving average at $186.91. Over the past year, the ETF recorded a low of $160.98 and a high of $200.42. The market capitalization stands at $58.52 billion, with a price-to-earnings (PE) ratio of 17.81 and a beta of 0.77, indicating relatively lower volatility compared to the broader market.

About the iShares Russell 1000 Value ETF

The iShares Russell 1000 Value ETF, formerly known as the iShares Russell 1000 Value Index Fund, is an exchange-traded fund that aims to replicate the performance of the large-cap value sector in the U.S. equity market as represented by the Russell 1000 Value Index. The fund seeks results that accurately reflect the price and yield performance before fees and expenses, making it a popular choice among investors looking for value opportunities in large-cap stocks.

investment, stocks, ETF