iShares Russell 1000 Value ETF (NYSEARCA:IWD) Reaches New 12-Month High – Here’s Why

iShares Russell 1000 Value ETF (NYSEARCA:IWD) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $257.92 and last traded at $257.66, with a volume of 168414 shares changing hands. The stock had previously closed at $257.56.

iShares Russell 1000 Value ETF Stock Up 0.3%

The business has a 50 day simple moving average of $245.52 and a two-hundred day simple moving average of $231.37. The firm has a market cap of $83.90 billion, a PE ratio of 18.83 and a beta of 0.83.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IWD. Reyes Financial Architecture Inc. bought a new position in iShares Russell 1000 Value ETF in the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $28,000. MBM Wealth Consultants LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the first quarter valued at approximately $29,000. Grand Wealth Management LLC bought a new position in iShares Russell 1000 Value ETF in the fourth quarter worth approximately $31,000. Finally, Heritage Wealth Advisors bought a new position in iShares Russell 1000 Value ETF in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors 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.