iShares Russell 1000 Value ETF (NYSEARCA:IWD) Sets New 52-Week High – Here’s Why
by Jessica Moore · The Cerbat GemiShares Russell 1000 Value ETF (NYSEARCA:IWD – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $228.54 and last traded at $227.74, with a volume of 223511 shares. The stock had previously closed at $227.49.
iShares Russell 1000 Value ETF Stock Performance
The business’s 50 day moving average is $219.97 and its 200 day moving average is $214.01. The stock has a market cap of $73.42 billion, a price-to-earnings ratio of 18.83 and a beta of 0.85.
Hedge Funds Weigh In On iShares Russell 1000 Value ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in iShares Russell 1000 Value ETF by 5.4% in the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after purchasing an additional 2,686,078 shares during the period. Morgan Stanley boosted its stake in shares of iShares Russell 1000 Value ETF by 9.0% during the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after buying an additional 3,280,476 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of iShares Russell 1000 Value ETF by 0.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock valued at $2,400,861,000 after buying an additional 85,365 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares Russell 1000 Value ETF by 3.8% during the 4th quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock valued at $1,946,005,000 after buying an additional 338,948 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell 1000 Value ETF by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,693,245 shares of the exchange traded fund’s stock valued at $1,362,678,000 after buying an additional 93,461 shares during the period. Institutional investors and hedge funds 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.