iShares Russell 1000 Value ETF (NYSEARCA:IWD) Reaches New 52-Week High – What’s Next?

iShares Russell 1000 Value ETF (NYSEARCA:IWD) hit a new 52-week high on Friday . The stock traded as high as $236.09 and last traded at $235.87, with a volume of 21448 shares traded. The stock had previously closed at $234.70.

iShares Russell 1000 Value ETF Price Performance

The company has a 50-day moving average price of $223.25 and a two-hundred day moving average price of $217.68. The company has a market cap of $75.85 billion, a PE ratio of 18.83 and a beta of 0.84.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

Several institutional investors and hedge funds have recently modified their holdings of IWD. 1ST Source Bank boosted its holdings in iShares Russell 1000 Value ETF by 1.3% in the third quarter. 1ST Source Bank now owns 686,114 shares of the exchange traded fund’s stock valued at $139,686,000 after purchasing an additional 8,737 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in iShares Russell 1000 Value ETF by 0.8% in the third quarter. Cullen Frost Bankers Inc. now owns 379,841 shares of the exchange traded fund’s stock valued at $77,332,000 after purchasing an additional 2,894 shares during the last quarter. Caprock Group LLC purchased a new position in iShares Russell 1000 Value ETF in the third quarter valued at about $3,803,000. Claro Advisors LLC boosted its holdings in iShares Russell 1000 Value ETF by 21.2% in the third quarter. Claro Advisors LLC now owns 101,709 shares of the exchange traded fund’s stock valued at $20,707,000 after purchasing an additional 17,760 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in iShares Russell 1000 Value ETF by 32.6% in the third quarter. Focus Partners Advisor Solutions LLC now owns 25,923 shares of the exchange traded fund’s stock valued at $5,308,000 after purchasing an additional 6,380 shares during the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

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.