iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 1-Year High – Still a Buy?

iShares Russell 1000 Value ETF (NYSEARCA:IWD) shares reached a new 52-week high on Wednesday . The stock traded as high as $210.40 and last traded at $210.3610, with a volume of 2544382 shares traded. The stock had previously closed at $208.43.

iShares Russell 1000 Value ETF Price Performance

The company has a market capitalization of $66.95 billion, a P/E ratio of 18.83 and a beta of 0.89. The business’s 50-day moving average price is $204.50 and its two-hundred day moving average price is $198.81.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

Several large investors have recently modified their holdings of IWD. JPMorgan Chase & Co. grew its holdings in shares of iShares Russell 1000 Value ETF by 140.0% during the second quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock worth $1,777,787,000 after buying an additional 32,036,243 shares in the last quarter. Baird Financial Group Inc. lifted its stake in iShares Russell 1000 Value ETF by 12.7% in the 2nd quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock valued at $1,024,618,000 after acquiring an additional 593,784 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in iShares Russell 1000 Value ETF by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,629,692 shares of the exchange traded fund’s stock worth $2,940,883,000 after acquiring an additional 363,429 shares during the last quarter. American Century Companies Inc. boosted its position in iShares Russell 1000 Value ETF by 62.3% during the 1st quarter. American Century Companies Inc. now owns 935,164 shares of the exchange traded fund’s stock worth $175,960,000 after acquiring an additional 358,906 shares during the last quarter. Finally, Tcfg Wealth Management LLC grew its stake in shares of iShares Russell 1000 Value ETF by 12,109.1% during the 3rd quarter. Tcfg Wealth Management LLC now owns 321,587 shares of the exchange traded fund’s stock worth $65,472,000 after acquiring an additional 318,953 shares in the last quarter. 84.93% of the stock is currently owned by institutional investors.

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).