iShares Russell 1000 Value ETF (NYSEARCA:IWD) Reaches New 1-Year Low – Should You Sell?

iShares Russell 1000 Value ETF (NYSEARCA:IWD) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $163.19 and last traded at $163.68, with a volume of 375564 shares changing hands. The stock had previously closed at $170.39.

iShares Russell 1000 Value ETF Trading Down 0.7 %

The firm has a market cap of $55.63 billion, a price-to-earnings ratio of 19.48 and a beta of 0.90. The stock’s fifty day moving average price is $190.40 and its 200-day moving average price is $190.76.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flagship Wealth Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth $26,000. Ameriflex Group Inc. acquired a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at about $29,000. Transce3nd LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $31,000. Peterson Wealth Services acquired a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth approximately $32,000.

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).