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 on Wednesday . The company traded as high as $223.18 and last traded at $221.91, with a volume of 3883504 shares traded. The stock had previously closed at $221.67.

iShares Russell 1000 Value ETF Trading Up 0.1%

The company has a market capitalization of $69.50 billion, a PE ratio of 18.83 and a beta of 0.89. The company’s 50 day moving average price is $214.00 and its 200-day moving average price is $206.00.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

A number of large investors have recently modified their holdings of IWD. JPMorgan Chase & Co. grew its holdings in shares of iShares Russell 1000 Value ETF by 140.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock worth $1,777,787,000 after purchasing an additional 32,036,243 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares Russell 1000 Value ETF by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 6,693,245 shares of the exchange traded fund’s stock valued at $1,362,678,000 after buying an additional 93,461 shares in the last quarter. Baird Financial Group Inc. grew its stake in iShares Russell 1000 Value ETF by 12.7% during the second quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock worth $1,024,618,000 after buying an additional 593,784 shares during the period. Raymond James Financial Inc. grew its stake in iShares Russell 1000 Value ETF by 3.5% during the third quarter. Raymond James Financial Inc. now owns 5,154,926 shares of the exchange traded fund’s stock worth $1,049,492,000 after buying an additional 176,135 shares during the period. Finally, Northern Trust Corp increased its position in shares of iShares Russell 1000 Value ETF by 3.4% in the third quarter. Northern Trust Corp now owns 4,886,290 shares of the exchange traded fund’s stock worth $994,800,000 after acquiring an additional 162,782 shares in the last quarter. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

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.