iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 1-Year High – Time to Buy?

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s share price reached a new 52-week high on Friday . The stock traded as high as $200.42 and last traded at $199.79, with a volume of 991803 shares. The stock had previously closed at $199.32.

iShares Russell 1000 Value ETF Stock Up 0.2 %

The business has a 50 day moving average of $191.92 and a 200 day moving average of $183.65. The firm has a market cap of $62.58 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Institutional investors have recently added to or reduced their stakes in the business. Objectivity Squared LLC raised its position in shares of iShares Russell 1000 Value ETF by 6.6% in the 2nd quarter. Objectivity Squared LLC now owns 51,759 shares of the exchange traded fund’s stock worth $9,440,000 after buying an additional 3,215 shares during the period. Raymond James & Associates raised its holdings in shares of iShares Russell 1000 Value ETF by 0.3% in the 2nd quarter. Raymond James & Associates now owns 3,644,049 shares of the exchange traded fund’s stock worth $635,777,000 after purchasing an additional 11,960 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of iShares Russell 1000 Value ETF by 8.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 866,591 shares of the exchange traded fund’s stock worth $151,194,000 after purchasing an additional 70,330 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of iShares Russell 1000 Value ETF by 13.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 130,392 shares of the exchange traded fund’s stock valued at $24,748,000 after purchasing an additional 14,966 shares in the last quarter. Finally, Lake Hills Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the 3rd quarter worth about $271,000.

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).