iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 12-Month High – Time to Buy?

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $193.63 and last traded at $193.45, with a volume of 35106 shares trading hands. The stock had previously closed at $193.40.

iShares Russell 1000 Value ETF Price Performance

The firm has a fifty day moving average price of $186.29 and a two-hundred day moving average price of $179.51. The stock has a market capitalization of $60.54 billion, a PE ratio of 17.81 and a beta of 0.77.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Sax Wealth Advisors LLC lifted its stake in iShares Russell 1000 Value ETF by 1.3% in the third quarter. Sax Wealth Advisors LLC now owns 7,740 shares of the exchange traded fund’s stock worth $1,469,000 after acquiring an additional 97 shares during the period. DiNuzzo Private Wealth Inc. lifted its position in iShares Russell 1000 Value ETF by 80.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 3,958 shares of the exchange traded fund’s stock valued at $751,000 after acquiring an additional 1,764 shares during the last quarter. Ballast Inc. boosted its stake in iShares Russell 1000 Value ETF by 3.0% in the third quarter. Ballast Inc. now owns 35,344 shares of the exchange traded fund’s stock valued at $6,708,000 after acquiring an additional 1,034 shares in the last quarter. TruWealth Advisors LLC grew its holdings in iShares Russell 1000 Value ETF by 3.9% in the third quarter. TruWealth Advisors LLC now owns 112,949 shares of the exchange traded fund’s stock worth $21,438,000 after purchasing an additional 4,279 shares during the last quarter. Finally, Rockwood Wealth Management LLC grew its holdings in iShares Russell 1000 Value ETF by 6.3% in the third quarter. Rockwood Wealth Management LLC now owns 2,190 shares of the exchange traded fund’s stock worth $416,000 after purchasing an additional 130 shares during the last quarter.

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).