iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 12-Month High – Here’s Why

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $229.76 and last traded at $229.70, with a volume of 631020 shares traded. The stock had previously closed at $227.07.

iShares Russell 1000 Value ETF Stock Performance

The stock has a market cap of $74.15 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The firm’s 50-day simple moving average is $220.41 and its two-hundred day simple moving average is $214.87.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Simplicity Wealth LLC grew its position in shares of iShares Russell 1000 Value ETF by 0.3% during the 1st quarter. Simplicity Wealth LLC now owns 16,034 shares of the exchange traded fund’s stock worth $3,426,000 after buying an additional 44 shares during the period. Falcon Wealth Planning boosted its stake in 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 acquiring an additional 45 shares during the last quarter. Members Wealth LLC boosted its stake in 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 acquiring an additional 46 shares during the last quarter. Cardiff Park Advisors LLC boosted its stake in iShares Russell 1000 Value ETF by 0.6% during the 4th quarter. Cardiff Park Advisors LLC now owns 7,433 shares of the exchange traded fund’s stock worth $1,563,000 after acquiring an additional 46 shares during the last quarter. Finally, Sax Wealth Advisors LLC boosted its stake in 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 worth $2,013,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

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.