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

iShares Russell 1000 Value ETF (NYSEARCA:IWD)’s share price hit a new 52-week low during 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 Stock Down 0.7 %

The company’s 50-day moving average price is $190.40 and its 200-day moving average price is $190.76. The firm has a market cap of $55.63 billion, a price-to-earnings ratio of 19.48 and a beta of 0.90.

Institutional Investors Weigh In On iShares Russell 1000 Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Flagship Wealth Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter worth about $26,000. Ameriflex Group Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter worth about $29,000. Transce3nd LLC acquired a new position in iShares Russell 1000 Value ETF during the fourth quarter worth about $31,000. Peterson Wealth Services purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at 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).