iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 12-Month High – Here’s Why

Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) hit a new 52-week high during trading on Monday . The stock traded as high as $250.54 and last traded at $250.30, with a volume of 59800 shares traded. The stock had previously closed at $248.24.

iShares Russell 1000 Value ETF Stock Performance

The stock’s fifty day simple moving average is $241.98 and its two-hundred day simple moving average is $228.84. The company has a market cap of $81.62 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. purchased a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter worth about $28,000. MBM Wealth Consultants LLC acquired a new stake in iShares Russell 1000 Value ETF during the 1st quarter worth approximately $29,000. Heritage Wealth Advisors acquired a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $31,000. Finally, Grand Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds 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.