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

iShares Russell 1000 Value ETF (NYSEARCA:IWD) reached a new 52-week high on Friday . The stock traded as high as $197.54 and last traded at $197.49, with a volume of 109083 shares changing hands. The stock had previously closed at $196.11.

iShares Russell 1000 Value ETF Trading Up 0.8 %

The company has a 50-day moving average price of $191.02 and a two-hundred day moving average price of $183.06. The stock has a market cap of $61.93 billion, a P/E ratio of 17.81 and a beta of 0.77.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Several hedge funds have recently bought and sold shares of the business. Tudor Financial Inc. bought a new position in iShares Russell 1000 Value ETF in the 3rd quarter valued at $594,000. Advisory Resource Group grew its position in shares of iShares Russell 1000 Value ETF by 6.7% during the 3rd quarter. Advisory Resource Group now owns 35,323 shares of the exchange traded fund’s stock worth $6,704,000 after buying an additional 2,220 shares in the last quarter. McIlrath & Eck LLC grew its position in shares of iShares Russell 1000 Value ETF by 18.0% during the 3rd quarter. McIlrath & Eck LLC now owns 2,037 shares of the exchange traded fund’s stock worth $387,000 after buying an additional 311 shares in the last quarter. TCW Group Inc. bought a new position in shares of iShares Russell 1000 Value ETF during the 3rd quarter worth $2,724,000. Finally, Rehmann Capital Advisory Group grew its position in shares of iShares Russell 1000 Value ETF by 5.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,735 shares of the exchange traded fund’s stock worth $4,352,000 after buying an additional 1,215 shares in the last quarter.

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).