iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 12-Month High – Should You Buy?

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

iShares Russell 1000 Value ETF Stock Performance

The company has a 50-day moving average price of $254.84 and a 200-day moving average price of $238.53. The firm has a market capitalization of $84.96 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Large investors have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC increased its holdings in iShares Russell 1000 Value ETF by 11.5% in the second quarter. Retirement Wealth Solutions LLC now owns 377 shares of the exchange traded fund’s stock valued at $91,000 after buying an additional 39 shares during the last quarter. Robinson Value Management Ltd. increased its position in iShares Russell 1000 Value ETF by 0.8% in the third quarter. Robinson Value Management Ltd. now owns 4,818 shares of the exchange traded fund’s stock worth $1,195,000 after buying an additional 39 shares during the period. Simplicity Wealth LLC lifted its position in iShares Russell 1000 Value ETF by 0.3% in the 1st quarter. Simplicity Wealth LLC now owns 16,034 shares of the exchange traded fund’s stock valued at $3,426,000 after purchasing an additional 44 shares during the last quarter. Grant Street Asset Management Inc. boosted its position in shares of iShares Russell 1000 Value ETF by 0.4% during the first quarter. Grant Street Asset Management Inc. now owns 12,762 shares of the exchange traded fund’s stock worth $2,727,000 after buying an additional 51 shares during the period. Finally, 180 Wealth Advisors LLC boosted its position in iShares Russell 1000 Value ETF by 4.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 1,211 shares of the exchange traded fund’s stock worth $294,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds 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.