iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 52-Week High – Still a Buy?

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s share price hit a new 52-week high on Thursday . The company traded as high as $229.76 and last traded at $229.70, with a volume of 631020 shares changing hands. The stock had previously closed at $227.07.

iShares Russell 1000 Value ETF Price Performance

The stock has a 50-day moving average of $220.27 and a 200 day moving average of $214.75. The stock has a market capitalization of $74.35 billion, a price-to-earnings ratio of 18.83 and a beta of 0.85.

Institutional Trading of iShares Russell 1000 Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Beam Wealth Advisors Inc. grew its holdings in iShares Russell 1000 Value ETF by 9.6% during the 1st quarter. Beam Wealth Advisors Inc. now owns 20,008 shares of the exchange traded fund’s stock worth $4,275,000 after acquiring an additional 1,750 shares during the period. Quantum Portfolio Management LLC grew its holdings in iShares Russell 1000 Value ETF by 0.5% during the 1st quarter. Quantum Portfolio Management LLC now owns 12,807 shares of the exchange traded fund’s stock worth $2,736,000 after acquiring an additional 65 shares during the period. Ascent Advisors LLC acquired a new stake in iShares Russell 1000 Value ETF during the 1st quarter worth $863,000. Lmcg Investments LLC acquired a new stake in iShares Russell 1000 Value ETF during the 1st quarter worth $316,000. Finally, Montag A & Associates Inc. grew its holdings in iShares Russell 1000 Value ETF by 0.5% during the 1st quarter. Montag A & Associates Inc. now owns 77,240 shares of the exchange traded fund’s stock worth $16,504,000 after acquiring an additional 396 shares during the period. 84.93% of the stock is currently owned by institutional investors and hedge funds.

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.