IWD has modestly outpaced the S&P 500 over the past month despite being underweight health care and consumer staples relative to the benchmark U.S. index. However, IWD has the advantage of an 8.7% weight to utilities stocks, more than double the weight to that sector found in the S&P 500.
“Meanwhile, trading essentially at par to its $99.67 net asset value is neutral, but IWD recently falling through its 200-day moving average, the technical trends are negative. The ETF is liquid in our view, with more than 2.4 million shares trading on a daily basis,” said S&P Capital IQ.
IWD’s top-10 holdings include eight Dow components with Warren Buffett’s Berkshire Hathaway (NYSE: BRK-B) and Wells Fargo (NYSE: WFC) the outliers.
Exxon Mobil (NYSE: XOM), the largest U.S. oil company, is IWD’s largest holding at a weight of 4.1%. IWD’s top-10 holdings combine for nearly a quarter of the ETF’s weight.
iShares Russell 1000 Value ETF
