iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 1-Year High – Here’s Why

iShares Russell 1000 Value ETF (NYSEARCA:IWD) reached a new 52-week high during trading on Tuesday . The company traded as high as $225.09 and last traded at $224.62, with a volume of 2021236 shares. The stock had previously closed at $224.57.

iShares Russell 1000 Value ETF Price Performance

The stock’s 50-day simple moving average is $215.99 and its two-hundred day simple moving average is $207.13. The firm has a market capitalization of $69.23 billion, a P/E ratio of 18.83 and a beta of 0.89.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IWD. FineMark National Bank & Trust raised its holdings in iShares Russell 1000 Value ETF by 5.3% during the fourth quarter. FineMark National Bank & Trust now owns 2,016 shares of the exchange traded fund’s stock valued at $424,000 after acquiring an additional 102 shares during the period. Advocate Investing Services LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter worth about $168,000. Davis R M Inc. grew its position in shares of iShares Russell 1000 Value ETF by 13.0% during the fourth quarter. Davis R M Inc. now owns 3,111 shares of the exchange traded fund’s stock worth $654,000 after purchasing an additional 358 shares in the last quarter. Rossby Financial LCC bought a new stake in iShares Russell 1000 Value ETF during the 4th quarter valued at approximately $49,000. Finally, Elevation Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF in the 4th quarter worth approximately $753,000. 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.