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

by · The Cerbat Gem

iShares Russell 1000 Value ETF (NYSEARCA:IWD – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $211.92 and last traded at $211.43, with a volume of 5587002 shares traded. The stock had previously closed at $208.64.

iShares Russell 1000 Value ETF Stock Down 0.5%

The stock has a market cap of $67.37 billion, a P/E ratio of 18.83 and a beta of 0.89. The firm’s 50 day simple moving average is $205.68 and its two-hundred day simple moving average is $199.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IWD. Allworth Financial LP increased its stake in iShares Russell 1000 Value ETF by 3.9% during the 3rd quarter. Allworth Financial LP now owns 45,462 shares of the exchange traded fund’s stock valued at $9,256,000 after buying an additional 1,726 shares during the period. Investment Research Partners LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the 3rd quarter worth $229,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of iShares Russell 1000 Value ETF during the 3rd quarter valued at about $161,000. LWM Advisory Services LLC increased its holdings in shares of iShares Russell 1000 Value ETF by 11.0% in the third quarter. LWM Advisory Services LLC now owns 5,843 shares of the exchange traded fund’s stock valued at $1,190,000 after buying an additional 579 shares in the last quarter. Finally, Pointe Capital Management LLC boosted its position in shares of iShares Russell 1000 Value ETF by 13.5% in the 3rd quarter. Pointe Capital Management LLC now owns 28,153 shares of the exchange traded fund’s stock valued at $5,732,000 after purchasing an additional 3,351 shares during the period. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Company Profile

(Get Free Report)

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).

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