iShares Russell 1000 Value ETF (NYSEARCA:IWD) Hits New 1-Year High at $188.73

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $188.73 and last traded at $188.37, with a volume of 267688 shares traded. The stock had previously closed at $187.62.

iShares Russell 1000 Value ETF Stock Performance

The company has a market cap of $58.78 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77. The stock’s fifty day simple moving average is $181.83 and its two-hundred day simple moving average is $177.32.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IWD. Triad Wealth Partners LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF during the second quarter worth approximately $28,000. Concord Wealth Partners grew its stake in iShares Russell 1000 Value ETF by 70.4% during the first quarter. Concord Wealth Partners now owns 167 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 69 shares during the period. Nemes Rush Group LLC raised its stake in shares of iShares Russell 1000 Value ETF by 382.1% in the 2nd quarter. Nemes Rush Group LLC now owns 188 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 149 shares during the period. Finally, Family Firm Inc. acquired a new position in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at $37,000.

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).