iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 52-Week High – Here’s Why

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $220.00 and last traded at $220.3270, with a volume of 1850 shares changing hands. The stock had previously closed at $219.13.

iShares Russell 1000 Value ETF Stock Down 0.6%

The firm has a market capitalization of $68.94 billion, a PE ratio of 18.83 and a beta of 0.89. The business’s 50-day moving average price is $211.61 and its 200-day moving average price is $204.68.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

A number of institutional investors have recently modified their holdings of IWD. Clayton Financial Group LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the third quarter worth $27,000. Advantage Trust Co purchased a new position in iShares Russell 1000 Value ETF in the second quarter valued at about $29,000. Holos Integrated Wealth LLC acquired a new position in iShares Russell 1000 Value ETF in the 4th quarter worth about $31,000. RMG Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter worth about $33,000. Finally, Access Investment Management LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds 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.