iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 52-Week High – Should You Buy?

Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) reached a new 52-week high on Wednesday . The stock traded as high as $249.26 and last traded at $247.74, with a volume of 1262888 shares. The stock had previously closed at $247.24.

iShares Russell 1000 Value ETF Stock Performance

The stock has a 50-day moving average of $238.04 and a 200-day moving average of $225.59. The firm has a market cap of $81.82 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IWD. Reyes Financial Architecture Inc. acquired a new stake in iShares Russell 1000 Value ETF in the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. acquired a new position in iShares Russell 1000 Value ETF in the 4th quarter worth about $28,000. MBM Wealth Consultants LLC bought a new position in iShares Russell 1000 Value ETF in the 1st quarter valued at approximately $29,000. Holos Integrated Wealth LLC bought a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at $31,000. Finally, Grand Wealth Management LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at $31,000. 84.93% of the stock is owned by institutional investors.

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.