Bessemer Group Inc. cut its stake in shares of iShares Russell 1000 Value Index (NYSE:IWD) by 54.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,015 shares of the exchange traded fund’s stock after selling 261,520 shares during the period. Bessemer Group Inc.’s holdings in iShares Russell 1000 Value Index were worth $25,151,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in IWD. Harbour Capital Advisors LLC increased its stake in iShares Russell 1000 Value Index by 11,211.2% in the second quarter. Harbour Capital Advisors LLC now owns 4,902,285 shares of the exchange traded fund’s stock valued at $42,105,000 after buying an additional 4,858,945 shares during the last quarter. 1ST Source Bank increased its stake in iShares Russell 1000 Value Index by 3.2% in the second quarter. 1ST Source Bank now owns 626,233 shares of the exchange traded fund’s stock valued at $72,912,000 after buying an additional 19,129 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in iShares Russell 1000 Value Index during the second quarter valued at $39,308,000. Janney Montgomery Scott LLC increased its stake in iShares Russell 1000 Value Index by 2.5% in the second quarter. Janney Montgomery Scott LLC now owns 137,343 shares of the exchange traded fund’s stock valued at $15,991,000 after buying an additional 3,385 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in iShares Russell 1000 Value Index by 11.6% in the second quarter. Parkside Financial Bank & Trust now owns 136,038 shares of the exchange traded fund’s stock valued at $15,839,000 after buying an additional 14,086 shares during the last quarter.
Shares of iShares Russell 1000 Value Index (NYSE:IWD) opened at 117.31 on Friday. iShares Russell 1000 Value Index has a 12-month low of $102.07 and a 12-month high of $121.24. The company has a 50 day moving average price of $116.50 and a 200 day moving average price of $115.26.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Monday, July 10th were issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 2.44%. This is a boost from iShares Russell 1000 Value Index’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, July 6th.
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About iShares Russell 1000 Value Index
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).
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