Tobias Financial Advisors Boosts Stake in iShares Russell 1000 Value ETF

Tobias Financial Advisors Inc. has significantly increased its investment in the iShares Russell 1000 Value ETF (NYSEARCA: IWD), raising its holdings by 40.7% during the second quarter of 2023. According to a recent disclosure to the Securities & Exchange Commission, the firm acquired an additional 4,957 shares, bringing its total ownership to 17,140 shares. The total value of Tobias Financial Advisors’ investment in this exchange-traded fund (ETF) now stands at approximately $3,329,000.

Several other financial institutions have also adjusted their positions in the iShares Russell 1000 Value ETF. Brighton Jones LLC, for example, increased its holdings by 8.9% during the fourth quarter of 2022, acquiring an additional 2,981 shares. This brings its total to 36,663 shares, valued at $6,787,000.

Bison Wealth LLC made a notable adjustment as well, raising its stake by 13.9% in the same quarter. The firm now holds 4,121 shares worth $763,000 after purchasing an extra 502 shares. Meanwhile, Signature Wealth Management Partners LLC increased its stake by 7.0% during the first quarter of 2023, now owning 1,308 shares valued at $246,000.

IFG Advisory LLC also made a modest increase of 1.7% in the first quarter, acquiring an additional 132 shares to reach a total of 7,794 shares valued at $1,467,000. Furthermore, Endeavor Private Wealth Inc. significantly boosted its holdings by 80.2%, acquiring an additional 973 shares. After this purchase, Endeavor now owns 2,186 shares valued at $411,000.

Overall, institutional investors and hedge funds own 84.93% of the iShares Russell 1000 Value ETF, reflecting strong interest in this particular investment vehicle.

Performance Overview of iShares Russell 1000 Value ETF

On the trading front, shares of the iShares Russell 1000 Value ETF opened at $209.98 on the last trading day. The fund has a market capitalization of $66.79 billion, with a price-to-earnings (P/E) ratio of 18.83 and a beta of 0.89. Over the past year, the ETF has registered a low of $163.19 and a high of $210.18, demonstrating significant market fluctuations.

The 50-day simple moving average stands at $204.27, while the 200-day simple moving average is recorded at $198.47. These performance metrics highlight the fund’s position within the large capitalization value sector of the U.S. equity market.

The iShares Russell 1000 Value ETF aims to mirror the price and yield performance of the Russell 1000 Value Index, which comprises large-cap companies identified as value stocks. This strategic alignment appeals to investors seeking exposure to the value segment of the equity market.

For more detailed insights into institutional holdings and market performance, investors can visit HoldingsChannel.com for the latest 13F filings and insider trading information related to the iShares Russell 1000 Value ETF.