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

iShares Russell 1000 Value ETF (NYSEARCA:IWD) reached a new 52-week high during trading on Wednesday . The company traded as high as $208.66 and last traded at $208.3230, with a volume of 521568 shares changing hands. The stock had previously closed at $207.25.

iShares Russell 1000 Value ETF Trading Down 0.3%

The business has a 50-day moving average price of $203.69 and a 200 day moving average price of $196.80. The stock has a market capitalization of $65.14 billion, a P/E ratio of 18.83 and a beta of 0.89.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IWD. Goldman Sachs Group Inc. lifted its holdings in shares of iShares Russell 1000 Value ETF by 2.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,629,692 shares of the exchange traded fund’s stock valued at $2,940,883,000 after acquiring an additional 363,429 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iShares Russell 1000 Value ETF by 140.0% during the second quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock worth $1,777,787,000 after acquiring an additional 32,036,243 shares during the last quarter. Envestnet Asset Management Inc. raised its position in iShares Russell 1000 Value ETF by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 6,693,245 shares of the exchange traded fund’s stock valued at $1,362,678,000 after purchasing an additional 93,461 shares during the period. Baird Financial Group Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 12.7% in the 2nd quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock valued at $1,024,618,000 after purchasing an additional 593,784 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 3.5% in the 3rd quarter. Raymond James Financial Inc. now owns 5,154,926 shares of the exchange traded fund’s stock valued at $1,049,492,000 after purchasing an additional 176,135 shares during the last quarter. 84.93% of the stock is owned by hedge funds and other 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).