iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 52-Week High – Here’s What Happened

iShares Russell 1000 Value ETF (NYSEARCA:IWD) shares reached a new 52-week high on Thursday . The stock traded as high as $245.51 and last traded at $245.31, with a volume of 447906 shares. The stock had previously closed at $241.00.

iShares Russell 1000 Value ETF Stock Up 1.5%

The stock has a market capitalization of $78.58 billion, a P/E ratio of 18.83 and a beta of 0.84. The firm’s 50 day simple moving average is $234.66 and its two-hundred day simple moving average is $223.40.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Hedge funds have recently made changes to their positions in the business. Reyes Financial Architecture Inc. bought a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. purchased a new position in iShares Russell 1000 Value ETF during the 4th quarter valued at about $28,000. MBM Wealth Consultants LLC bought a new stake in iShares Russell 1000 Value ETF during the first quarter valued at approximately $29,000. Heritage Wealth Advisors bought a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter valued at approximately $31,000. Finally, Holos Integrated Wealth LLC bought a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $31,000. 84.93% of the stock is owned by hedge funds and other 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). 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.