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

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $208.91 and last traded at $208.9820, with a volume of 983243 shares trading hands. The stock had previously closed at $207.26.

iShares Russell 1000 Value ETF Trading Up 0.8%

The business’s 50 day moving average price is $203.89 and its 200-day moving average price is $198.11. The company has a market cap of $66.45 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IWD. Truvestments Capital LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the first quarter valued at approximately $25,000. Clayton Financial Group LLC acquired a new position in iShares Russell 1000 Value ETF during the third quarter worth about $27,000. GKV Capital Management Co. Inc. acquired a new position in iShares Russell 1000 Value ETF during the first quarter worth about $27,000. Advantage Trust Co acquired a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at approximately $29,000. Finally, RMG Wealth Management LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at approximately $33,000. 84.93% of the stock is 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).