iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 1-Year High – What’s Next?

iShares Russell 1000 Value ETF (NYSEARCA:IWD) shares reached a new 52-week high on Wednesday. The company traded as high as $263.97 and last traded at $263.6180, with a volume of 148,522 shares traded. The stock had previously closed at $258.58.

iShares Russell 1000 Value ETF Trading Down 2.6%

The company’s 50-day simple moving average is $254.98 and its 200-day simple moving average is $238.96. The stock has a market capitalization of $83.12 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

Institutional Trading of iShares Russell 1000 Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brookstone Capital Management purchased a new position in iShares Russell 1000 Value ETF during the 3rd quarter valued at $3,556,000. Capital Investment Advisors LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the 3rd quarter worth about $6,532,000. Evanson Financial LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter worth about $3,582,000. Barrett & Company Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the 3rd quarter worth about $2,013,000. Finally, Stairway Partners LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the 3rd quarter valued at about $326,735,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

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.