iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 1-Year High – Time to Buy?

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

iShares Russell 1000 Value ETF Trading Up 2.8 %

The stock has a market capitalization of $61.02 billion, a P/E ratio of 17.81 and a beta of 0.77. The business has a 50-day moving average price of $188.59 and a 200 day moving average price of $181.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IWD. International Assets Investment Management LLC lifted its position in iShares Russell 1000 Value ETF by 20,632.6% in the third quarter. International Assets Investment Management LLC now owns 1,407,533 shares of the exchange traded fund’s stock worth $267,150,000 after buying an additional 1,400,744 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of iShares Russell 1000 Value ETF by 162.1% during the first quarter. Cetera Investment Advisers now owns 1,223,017 shares of the exchange traded fund’s stock worth $219,055,000 after purchasing an additional 756,464 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of iShares Russell 1000 Value ETF by 17,863.4% during the second quarter. Strategic Financial Concepts LLC now owns 414,955 shares of the exchange traded fund’s stock valued at $724,000 after buying an additional 412,645 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of iShares Russell 1000 Value ETF by 31.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,122,375 shares of the exchange traded fund’s stock valued at $195,821,000 after buying an additional 269,405 shares during the period. Finally, Stairway Partners LLC increased its stake in shares of iShares Russell 1000 Value ETF by 13.9% during the third quarter. Stairway Partners LLC now owns 1,192,974 shares of the exchange traded fund’s stock valued at $226,426,000 after buying an additional 145,967 shares during the period.

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).