iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 52-Week High – Should You Buy?

iShares Russell 1000 Value ETF (NYSEARCA:IWD) shares hit a new 52-week high on Friday . The company traded as high as $241.90 and last traded at $241.62, with a volume of 276360 shares traded. The stock had previously closed at $239.78.

iShares Russell 1000 Value ETF Trading Up 1.0%

The stock’s 50 day moving average price is $231.02 and its two-hundred day moving average price is $221.41. The firm has a market capitalization of $77.77 billion, a PE ratio of 18.83 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IWD. Morgan Stanley increased its stake 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 purchasing an additional 3,280,476 shares in the last quarter. Bank of America Corp DE increased its stake in shares of 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 in the last quarter. 71 West Capital Partners purchased a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth approximately $240,065,000. Wells Fargo & Company MN increased its stake in shares of iShares Russell 1000 Value ETF by 20.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after purchasing an additional 995,230 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of iShares Russell 1000 Value ETF by 324.3% during the 1st quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock worth $254,645,000 after purchasing an additional 910,889 shares in the last quarter. 84.93% of the stock is owned by hedge funds and other institutional investors.

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.