iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 12-Month High – Should You Buy?

Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) reached a new 52-week high during trading on Wednesday . The stock traded as high as $194.71 and last traded at $194.45, with a volume of 28727 shares. The stock had previously closed at $189.56.

iShares Russell 1000 Value ETF Trading Up 0.5 %

The company has a market capitalization of $61.19 billion, a PE ratio of 17.81 and a beta of 0.77. The firm’s 50-day simple moving average is $189.06 and its 200-day simple moving average is $181.49.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Several institutional investors have recently made changes to their positions in the company. Triad Wealth Partners LLC bought a new stake in iShares Russell 1000 Value ETF during the 2nd quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in iShares Russell 1000 Value ETF during the second quarter valued at about $28,000. Eagle Bay Advisors LLC purchased a new position in iShares Russell 1000 Value ETF in the third quarter valued at about $32,000. Nemes Rush Group LLC raised its holdings in iShares Russell 1000 Value ETF by 382.1% in the second quarter. Nemes Rush Group LLC now owns 188 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 149 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF during the second quarter valued at about $37,000.

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).