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

Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) reached a new 52-week high during trading on Thursday . The company traded as high as $239.17 and last traded at $237.93, with a volume of 1187169 shares traded. The stock had previously closed at $238.30.

iShares Russell 1000 Value ETF Price Performance

The stock’s 50-day simple moving average is $225.85 and its 200 day simple moving average is $219.00. The stock has a market capitalization of $76.43 billion, a P/E ratio of 18.83 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Reyes Financial Architecture Inc. bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter valued at $28,000. MBM Wealth Consultants LLC purchased a new stake in iShares Russell 1000 Value ETF in the 1st quarter valued at $29,000. Holos Integrated Wealth LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter valued at $31,000. Finally, Grand Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter worth about $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.