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

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $225.09 and last traded at $224.62, with a volume of 2021236 shares. The stock had previously closed at $224.57.

iShares Russell 1000 Value ETF Trading Up 0.0%

The firm has a market capitalization of $69.98 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89. The stock has a fifty day moving average of $215.14 and a 200-day moving average of $206.72.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IWD. JPMorgan Chase & Co. grew its stake in shares of iShares Russell 1000 Value ETF by 140.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock valued at $1,777,787,000 after purchasing an additional 32,036,243 shares during the period. Baird Financial Group Inc. raised its position in shares of 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 acquiring an additional 593,784 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 24,828.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 556,903 shares of the exchange traded fund’s stock worth $117,139,000 after buying an additional 554,669 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of iShares Russell 1000 Value ETF by 2,904.9% in the 4th quarter. Confluence Investment Management LLC now owns 568,609 shares of the exchange traded fund’s stock valued at $119,601,000 after purchasing an additional 549,686 shares during the period. Finally, Tcfg Wealth Management LLC grew its stake in shares of iShares Russell 1000 Value ETF by 12,109.1% during the third quarter. Tcfg Wealth Management LLC now owns 321,587 shares of the exchange traded fund’s stock worth $65,472,000 after purchasing an additional 318,953 shares during the period. Hedge funds and other institutional investors own 84.93% of the company’s stock.

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.