iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 52-Week High – Should You Buy?

Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $249.26 and last traded at $247.74, with a volume of 1262888 shares. The stock had previously closed at $247.24.

iShares Russell 1000 Value ETF Trading Up 0.2%

The firm’s fifty day moving average price is $238.04 and its 200-day moving average price is $225.59. The company has a market cap of $81.82 billion, a P/E ratio of 18.83 and a beta of 0.84.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Several institutional investors have recently added to or reduced their stakes in the company. Simplicity Wealth LLC boosted 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 buying an additional 44 shares during the last quarter. Falcon Wealth Planning grew its position in shares of iShares Russell 1000 Value ETF by 3.9% during the 1st quarter. Falcon Wealth Planning now owns 1,204 shares of the exchange traded fund’s stock worth $257,000 after buying an additional 45 shares during the period. Members Wealth LLC grew its position in shares of iShares Russell 1000 Value ETF by 3.6% during the 1st quarter. Members Wealth LLC now owns 1,330 shares of the exchange traded fund’s stock worth $301,000 after buying an additional 46 shares during the period. Cardiff Park Advisors LLC raised its stake in shares of iShares Russell 1000 Value ETF by 0.6% during the fourth quarter. Cardiff Park Advisors LLC now owns 7,433 shares of the exchange traded fund’s stock worth $1,563,000 after buying an additional 46 shares during the last quarter. Finally, Sax Wealth Advisors LLC raised its position in shares of iShares Russell 1000 Value ETF by 0.5% during the 4th quarter. Sax Wealth Advisors LLC now owns 9,571 shares of the exchange traded fund’s stock valued at $2,013,000 after acquiring an additional 49 shares during the last quarter. 84.93% of the stock is owned by institutional investors.

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.