iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 52-Week High – What’s Next?

iShares Russell 1000 Value ETF (NYSEARCA:IWD) shares hit a new 52-week high on Monday . The stock traded as high as $214.00 and last traded at $214.2220, with a volume of 909305 shares trading hands. The stock had previously closed at $212.20.

iShares Russell 1000 Value ETF Stock Up 1.2%

The firm has a market cap of $71.25 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89. The firm has a fifty day moving average price of $207.88 and a 200-day moving average price of $202.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Atlantic Union Bankshares Corp boosted its holdings in shares of iShares Russell 1000 Value ETF by 612.7% in the second quarter. Atlantic Union Bankshares Corp now owns 23,036 shares of the exchange traded fund’s stock worth $4,474,000 after buying an additional 19,804 shares during the period. Joel Adams & Associates Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 93.2% during the second quarter. Joel Adams & Associates Inc. now owns 2,900 shares of the exchange traded fund’s stock valued at $563,000 after acquiring an additional 1,399 shares during the period. 1ST Source Bank boosted its stake in iShares Russell 1000 Value ETF by 0.3% in the 2nd quarter. 1ST Source Bank now owns 677,377 shares of the exchange traded fund’s stock worth $131,567,000 after purchasing an additional 2,259 shares during the period. American National Bank & Trust boosted its stake in iShares Russell 1000 Value ETF by 8.1% in the 2nd quarter. American National Bank & Trust now owns 4,768 shares of the exchange traded fund’s stock worth $926,000 after purchasing an additional 358 shares during the period. Finally, Apollon Wealth Management LLC grew its position in iShares Russell 1000 Value ETF by 0.8% during the 2nd quarter. Apollon Wealth Management LLC now owns 13,685 shares of the exchange traded fund’s stock worth $2,658,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

About iShares Russell 1000 Value ETF

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). The Index represents approximately 50% of the total market capitalization of the Russell 1000 Index. The Index measures the large-capital value sector of the United States equity market.