iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 12-Month High – Time to Buy?

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price hit a new 52-week high on Thursday . The company 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 Down 0.6%

The stock has a market capitalization of $81.81 billion, a P/E ratio of 18.83 and a beta of 0.84. The company has a fifty day simple moving average of $240.67 and a two-hundred day simple moving average of $227.49.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC boosted its position in iShares Russell 1000 Value ETF by 5.7% during the 2nd quarter. Heck Capital Advisors LLC now owns 25,627 shares of the exchange traded fund’s stock worth $6,213,000 after acquiring an additional 1,385 shares during the last quarter. GenWealth Group Inc. boosted its stake in shares of iShares Russell 1000 Value ETF by 15.2% during the 2nd quarter. GenWealth Group Inc. now owns 9,373 shares of the exchange traded fund’s stock worth $2,272,000 after acquiring an additional 1,240 shares during the period. Diversified Management Inc. boosted its position in iShares Russell 1000 Value ETF by 4.8% during the second quarter. Diversified Management Inc. now owns 2,027 shares of the exchange traded fund’s stock worth $491,000 after purchasing an additional 93 shares during the period. Marquette Asset Management LLC grew its stake in iShares Russell 1000 Value ETF by 1.1% in the 2nd quarter. Marquette Asset Management LLC now owns 397,757 shares of the exchange traded fund’s stock valued at $96,428,000 after buying an additional 4,177 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of iShares Russell 1000 Value ETF by 9,139.6% in the second quarter. Financial Management Professionals Inc. now owns 8,870 shares of the exchange traded fund’s stock valued at $2,150,000 after purchasing an additional 8,774 shares during the last quarter. 84.93% of the stock is 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.