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

iShares Russell 1000 Value ETF (NYSEARCA:IWD) reached a new 52-week high during trading on Monday . The stock traded as high as $257.92 and last traded at $257.66, with a volume of 168414 shares traded. The stock had previously closed at $257.56.

iShares Russell 1000 Value ETF Price Performance

The firm has a market cap of $83.90 billion, a P/E ratio of 18.83 and a beta of 0.83. The stock’s 50-day simple moving average is $245.52 and its two-hundred day simple moving average is $231.37.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Several hedge funds have recently added to or reduced their stakes in IWD. Trust Co. of Vermont purchased a new stake in iShares Russell 1000 Value ETF in the 2nd quarter worth about $785,000. S&CO Inc. purchased a new position in shares of iShares Russell 1000 Value ETF during the second quarter valued at approximately $1,224,000. Heck Capital Advisors LLC grew its stake in shares of iShares Russell 1000 Value ETF by 5.7% during the second quarter. Heck Capital Advisors LLC now owns 25,627 shares of the exchange traded fund’s stock valued at $6,213,000 after buying an additional 1,385 shares during the last quarter. GenWealth Group Inc. grew its stake in shares of iShares Russell 1000 Value ETF by 15.2% during the second quarter. GenWealth Group Inc. now owns 9,373 shares of the exchange traded fund’s stock valued at $2,272,000 after buying an additional 1,240 shares during the last quarter. Finally, Diversified Management Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 4.8% in the second quarter. Diversified Management Inc. now owns 2,027 shares of the exchange traded fund’s stock worth $491,000 after buying an additional 93 shares during the period. 84.93% of the stock is currently owned by institutional investors.

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.