Tobias Financial Advisors Expands Stake in iShares Russell 1000 Value ETF

Tobias Financial Advisors Inc. has significantly increased its holdings in the iShares Russell 1000 Value ETF (NYSEARCA:IWD), acquiring an additional 4,957 shares during the second quarter of 2023. This move raised the firm’s total shares to 17,140, marking a remarkable increase of 40.7%. As of the end of this period, the total value of Tobias Financial Advisors’ investment in the ETF stands at approximately $3,329,000.

Several other institutional investors have also adjusted their positions in the iShares Russell 1000 Value ETF recently. Brighton Jones LLC boosted its holdings by 8.9% during the fourth quarter, bringing their total to 36,663 shares valued at $6,787,000 after acquiring an additional 2,981 shares. Similarly, Bison Wealth LLC increased its stake by 13.9%, now owning 4,121 shares worth $763,000 following the purchase of 502 shares.

In another noteworthy adjustment, Signature Wealth Management Partners LLC raised its investment by 7.0% in the first quarter, increasing its holdings to 1,308 shares valued at $246,000. IFG Advisory LLC also made a modest increase of 1.7%, now owning 7,794 shares worth $1,467,000 after acquiring 132 additional shares. Notably, Endeavor Private Wealth Inc. dramatically boosted its stake by 80.2%, increasing its holdings to 2,186 shares valued at $411,000.

These adjustments reflect a broader trend in which institutional investors and hedge funds collectively own approximately 84.93% of the iShares Russell 1000 Value ETF.

Current Market Performance

As of the close of trading on September 29, 2023, shares of the iShares Russell 1000 Value ETF opened at $209.98. The ETF boasts a market capitalization of $66.79 billion and a price-to-earnings (P/E) ratio of 18.83, with a beta value of 0.89. Over the past year, the ETF has experienced a low of $163.19 and a high of $210.18. Its 50-day and 200-day simple moving averages are $204.27 and $198.47, respectively.

The iShares Russell 1000 Value ETF seeks to replicate the price and yield performance of large-cap value stocks in the U.S. equity market, as defined by the Russell 1000 Value Index. Investors interested in the ETF can find detailed holdings and recent trading activity on platforms such as HoldingsChannel.com.

In a market landscape where institutional investment plays a critical role, the actions of firms like Tobias Financial Advisors reflect confidence in the performance of value-oriented equity strategies. As more hedge funds adjust their portfolios, the iShares Russell 1000 Value ETF remains a focal point for investors looking to capitalize on large-cap value opportunities.