iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 52-Week High – Still a Buy?

iShares Russell 1000 Value ETF (NYSEARCA:IWDGet Free Report)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $236.09 and last traded at $235.87, with a volume of 21448 shares traded. The stock had previously closed at $234.70.

iShares Russell 1000 Value ETF Stock Up 0.6%

The company has a market capitalization of $75.85 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The company has a 50 day simple moving average of $223.25 and a 200 day simple moving average of $217.68.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. acquired a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth about $28,000. MBM Wealth Consultants LLC acquired a new stake in iShares Russell 1000 Value ETF during the first quarter worth about $29,000. Holos Integrated Wealth LLC acquired a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth about $31,000. Finally, Grand Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth about $31,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Company Profile

(Get Free Report)

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.

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