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

iShares Russell 1000 Value ETF (NYSEARCA:IWD) shares reached a new 52-week high on Wednesday . The company traded as high as $259.70 and last traded at $259.70, with a volume of 201522 shares. The stock had previously closed at $256.73.

iShares Russell 1000 Value ETF Trading Up 0.9%

The stock has a market cap of $84.16 billion, a P/E ratio of 18.83 and a beta of 0.83. The company’s fifty day simple moving average is $248.23 and its 200-day simple moving average is $233.30.

Institutional Trading of iShares Russell 1000 Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IWD. First Bancorp Inc ME bought a new position in iShares Russell 1000 Value ETF during the second quarter worth about $1,546,000. Cullen Capital Management LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at approximately $485,000. Compass Financial Management LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at approximately $492,000. C M Bidwell & Associates Ltd. acquired a new position in shares of iShares Russell 1000 Value ETF in the 2nd quarter worth approximately $30,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the 2nd quarter worth approximately $4,626,000. 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.