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

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price reached a new 52-week high on Thursday . The company traded as high as $245.51 and last traded at $245.31, with a volume of 447906 shares changing hands. The stock had previously closed at $241.00.

iShares Russell 1000 Value ETF Price Performance

The company has a market cap of $77.97 billion, a P/E ratio of 18.83 and a beta of 0.84. The stock has a 50-day moving average of $235.43 and a 200 day moving average of $223.77.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IWD. Reyes Financial Architecture Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter worth $28,000. MBM Wealth Consultants LLC acquired a new stake in iShares Russell 1000 Value ETF in the first quarter valued at about $29,000. Holos Integrated Wealth LLC acquired a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at about $31,000. Finally, Grand Wealth Management LLC bought a new position in iShares Russell 1000 Value ETF in the fourth quarter valued at about $31,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

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.