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

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $214.00 and last traded at $214.2220, with a volume of 909305 shares changing hands. The stock had previously closed at $212.20.

iShares Russell 1000 Value ETF Trading Up 1.2%

The company has a market cap of $71.25 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89. The company has a fifty day moving average price of $207.88 and a two-hundred day moving average price of $202.31.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

A number of hedge funds have recently made changes to their positions in the business. Clayton Financial Group LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at about $27,000. Advantage Trust Co acquired a new position in iShares Russell 1000 Value ETF in the second quarter valued at approximately $29,000. RMG Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF in the second quarter valued at approximately $33,000. Access Investment Management LLC purchased a new position in iShares Russell 1000 Value ETF in the second quarter valued at approximately $35,000. Finally, Clarity Asset Management Inc. acquired a new stake in iShares Russell 1000 Value ETF during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

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). 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.