iShares Russell 1000 Value ETF (NYSEARCA:IWD) Reaches New 12-Month High – Time to Buy?

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price hit a new 52-week high on Wednesday. The company traded as high as $263.97 and last traded at $263.6180, with a volume of 148,522 shares. The stock had previously closed at $258.58.

iShares Russell 1000 Value ETF Trading Up 2.1%

The firm’s 50-day simple moving average is $254.84 and its two-hundred day simple moving average is $238.53. The stock has a market capitalization of $84.96 billion, a PE ratio of 18.83 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. grew its stake in shares of iShares Russell 1000 Value ETF by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 6,192,377 shares of the exchange traded fund’s stock valued at $1,501,218,000 after buying an additional 165,599 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in iShares Russell 1000 Value ETF in the 3rd quarter worth $374,407,000. Greenleaf Trust increased its stake in shares of iShares Russell 1000 Value ETF by 20,660.3% in the second quarter. Greenleaf Trust now owns 1,491,213 shares of the exchange traded fund’s stock worth $116,166,000 after purchasing an additional 1,484,030 shares during the period. Stairway Partners LLC acquired a new position in shares of iShares Russell 1000 Value ETF during the third quarter worth approximately $326,735,000. Finally, Fifth Third Bancorp raised its stake in iShares Russell 1000 Value ETF by 324.3% during the 1st quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock valued at $254,645,000 after purchasing an additional 910,889 shares during the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

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.