Stephens Inc. AR has increased its holdings in the iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.8% during the third quarter of 2023. The firm now owns 628,770 shares, having acquired an additional 4,850 shares in this period. This investment represents approximately 1.6% of Stephens Inc. AR’s overall portfolio, making the ETF its ninth-largest position.
As of the end of the most recent quarter, Stephens Inc. AR’s stake in the iShares Russell 1000 Value ETF is valued at approximately $128,011,000. Other institutional investors have also been active in modifying their positions in the ETF. For instance, Ashton Thomas Securities LLC purchased a new stake worth $4,661,000 during the same quarter, while Manning & Napier Advisors LLC acquired a position valued at $103,000.
In addition, Q3 Asset Management invested $2,255,000, and Eastern Bank increased its holdings by 1.8%, now owning 33,152 shares worth $6,749,000 after acquiring 594 additional shares. Retirement Planning Group LLC also bought a new stake valued at approximately $534,000. Currently, institutional investors own 84.93% of the iShares Russell 1000 Value ETF.
Current Market Performance
The iShares Russell 1000 Value ETF opened at $217.51 on Wednesday. The ETF has a market capitalization of $70.93 billion, a price-to-earnings ratio of 18.83, and a beta of 0.89. Over the past year, the ETF has seen a low of $163.19 and a high of $218.51. The 50-day moving average stands at $209.49, while the 200-day moving average is $203.54.
The iShares Russell 1000 Value ETF aims to replicate the performance of the large capitalization value segment of the U.S. equity market, specifically represented by the Russell 1000 Value Index. This index encompasses approximately 50% of the total market capitalization of the Russell 1000 Index, thus measuring the large-capital value sector of the U.S. equity market.
For those interested in further details regarding institutional holdings, Holdings Channel provides updated information on 13F filings and insider trades related to the iShares Russell 1000 Value ETF. Subscribers can also receive daily summaries of news and analyst ratings through MarketBeat.com’s free email newsletter.
