iShares Russell 1000 Value ETF (NYSEARCA:IWD) Reaches New 52-Week High – What’s Next?

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $259.70 and last traded at $259.70, with a volume of 201522 shares traded. The stock had previously closed at $256.73.

iShares Russell 1000 Value ETF Stock Performance

The stock has a 50-day simple moving average of $248.23 and a 200 day simple moving average of $233.30. The stock has a market capitalization of $84.16 billion, a P/E ratio of 18.83 and a beta of 0.83.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in iShares Russell 1000 Value ETF by 5.4% during the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after purchasing an additional 2,686,078 shares during the last quarter. Morgan Stanley grew its position in shares of iShares Russell 1000 Value ETF by 9.0% during the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock worth $8,342,840,000 after buying an additional 3,280,476 shares during the period. Goldman Sachs Group Inc. grew its position in shares of iShares Russell 1000 Value ETF by 0.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock worth $2,400,861,000 after buying an additional 85,365 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares Russell 1000 Value ETF by 3.8% during the fourth quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock worth $1,946,005,000 after buying an additional 338,948 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of iShares Russell 1000 Value ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after buying an additional 995,230 shares during the last quarter. 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.