iShares Russell 1000 Value ETF (NYSEARCA:IWD) Reaches New 1-Year High – Here’s What Happened

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $241.90 and last traded at $241.62, with a volume of 276360 shares traded. The stock had previously closed at $239.78.

iShares Russell 1000 Value ETF Stock Up 0.8%

The business’s fifty day moving average is $230.48 and its two-hundred day moving average is $221.27. The firm has a market cap of $77.64 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

Institutional Trading of iShares Russell 1000 Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWD. 1ST Source Bank increased its holdings in shares of iShares Russell 1000 Value ETF by 1.3% during the third quarter. 1ST Source Bank now owns 686,114 shares of the exchange traded fund’s stock worth $139,686,000 after buying an additional 8,737 shares in the last quarter. Brown Miller Wealth Management LLC acquired a new position in iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $1,213,000. Caprock Group LLC acquired a new position in iShares Russell 1000 Value ETF in the 3rd quarter valued at approximately $3,803,000. Personal CFO Solutions LLC acquired a new position in iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $1,539,000. Finally, Claro Advisors LLC increased its position in iShares Russell 1000 Value ETF by 21.2% in the 3rd quarter. Claro Advisors LLC now owns 101,709 shares of the exchange traded fund’s stock valued at $20,707,000 after acquiring an additional 17,760 shares during the period. 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.