iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 12-Month High – Here’s Why

iShares Russell 1000 Value ETF (NYSEARCA:IWD) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $249.47 and last traded at $249.39, with a volume of 287958 shares trading hands. The stock had previously closed at $247.28.

iShares Russell 1000 Value ETF Stock Performance

The business has a 50-day moving average of $240.04 and a 200-day moving average of $227.08. The stock has a market capitalization of $82.18 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

Institutional Trading of iShares Russell 1000 Value ETF

A number of hedge funds have recently added to or reduced their stakes in IWD. Simplicity Wealth LLC raised its stake in shares of iShares Russell 1000 Value ETF by 0.3% in the 1st quarter. Simplicity Wealth LLC now owns 16,034 shares of the exchange traded fund’s stock valued at $3,426,000 after acquiring an additional 44 shares in the last quarter. Falcon Wealth Planning boosted its position in iShares Russell 1000 Value ETF by 3.9% during the first quarter. Falcon Wealth Planning now owns 1,204 shares of the exchange traded fund’s stock worth $257,000 after purchasing an additional 45 shares during the period. Cardiff Park Advisors LLC boosted its position in iShares Russell 1000 Value ETF by 0.6% during the fourth quarter. Cardiff Park Advisors LLC now owns 7,433 shares of the exchange traded fund’s stock worth $1,563,000 after purchasing an additional 46 shares during the period. Members Wealth LLC grew its holdings in iShares Russell 1000 Value ETF by 3.6% during the first quarter. Members Wealth LLC now owns 1,330 shares of the exchange traded fund’s stock valued at $301,000 after purchasing an additional 46 shares during the last quarter. Finally, Sax Wealth Advisors LLC raised its position in shares of iShares Russell 1000 Value ETF by 0.5% in the fourth quarter. Sax Wealth Advisors LLC now owns 9,571 shares of the exchange traded fund’s stock valued at $2,013,000 after purchasing an additional 49 shares during the period. 84.93% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Company Profile

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.