iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 1-Year High – Still a Buy?

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $250.54 and last traded at $250.30, with a volume of 59800 shares traded. The stock had previously closed at $248.24.

iShares Russell 1000 Value ETF Stock Performance

The firm has a market cap of $81.62 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The company’s fifty day moving average is $241.98 and its two-hundred day moving average is $228.84.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Reyes Financial Architecture Inc. acquired a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at about $25,000. IFC & Insurance Marketing Inc. purchased a new position in iShares Russell 1000 Value ETF in the 4th quarter worth approximately $28,000. MBM Wealth Consultants LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the first quarter valued at approximately $29,000. Heritage Wealth Advisors purchased a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $31,000. Finally, Grand Wealth Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

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.