iShares Russell 1000 Value ETF (NYSEARCA:IWD) Reaches New 12-Month High – Time to Buy?

Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $254.57 and last traded at $254.10, with a volume of 602054 shares. The stock had previously closed at $251.82.

iShares Russell 1000 Value ETF Trading Up 0.9%

The stock has a market capitalization of $82.64 billion, a PE ratio of 18.83 and a beta of 0.84. The business has a fifty day moving average price of $243.68 and a 200-day moving average price of $230.05.

Institutional Trading of iShares Russell 1000 Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Personal CFO Solutions LLC purchased a new stake in iShares Russell 1000 Value ETF during the 4th quarter valued at about $1,539,000. Brown Miller Wealth Management LLC bought a new position in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $1,213,000. Massachusetts Financial Services Co. MA increased its stake in iShares Russell 1000 Value ETF by 121.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 190,793 shares of the exchange traded fund’s stock worth $40,131,000 after purchasing an additional 104,778 shares during the period. Oakworth Capital Inc. increased its stake in iShares Russell 1000 Value ETF by 3.2% in the 4th quarter. Oakworth Capital Inc. now owns 835,036 shares of the exchange traded fund’s stock worth $175,641,000 after purchasing an additional 25,803 shares during the period. Finally, Washington Trust Bank lifted its position in iShares Russell 1000 Value ETF by 99.3% in the fourth quarter. Washington Trust Bank now owns 4,392 shares of the exchange traded fund’s stock valued at $924,000 after purchasing an additional 2,188 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.