iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 1-Year High – What’s Next?

iShares Russell 1000 Value ETF (NYSEARCA:IWD) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $232.52 and last traded at $232.03, with a volume of 1620429 shares. The stock had previously closed at $229.60.

iShares Russell 1000 Value ETF Trading Up 1.1%

The stock has a market capitalization of $74.53 billion, a PE ratio of 18.83 and a beta of 0.84. The stock’s fifty day simple moving average is $220.55 and its 200-day simple moving average is $215.24.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

A number of hedge funds have recently bought and sold shares of IWD. Arkadios Wealth Advisors raised its stake in shares of iShares Russell 1000 Value ETF by 25.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 73,261 shares of the exchange traded fund’s stock worth $14,915,000 after purchasing an additional 14,842 shares during the period. Americana Partners LLC raised its stake in shares of iShares Russell 1000 Value ETF by 78.9% during the 3rd quarter. Americana Partners LLC now owns 170,599 shares of the exchange traded fund’s stock worth $34,732,000 after purchasing an additional 75,256 shares during the period. 1ST Source Bank raised its stake in shares of iShares Russell 1000 Value ETF by 1.3% during the 3rd quarter. 1ST Source Bank now owns 686,114 shares of the exchange traded fund’s stock worth $139,686,000 after purchasing an additional 8,737 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 0.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 379,841 shares of the exchange traded fund’s stock worth $77,332,000 after purchasing an additional 2,894 shares during the period. Finally, Corundum Group Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 5.6% during the 3rd quarter. Corundum Group Inc. now owns 122,726 shares of the exchange traded fund’s stock worth $24,986,000 after purchasing an additional 6,511 shares during the period. 84.93% of the stock is owned by hedge funds and other institutional investors.

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). 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.