10-May-2024
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The iShares Russell 1000 Value Index 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 represents approximately 50% of the total market capitalization of the Russell 1000 Index.
iShares Russell 1000 Value ETF trades on the ARCA stock market under the symbol IWD.
As of May 10, 2024, IWD stock price climbed to $176.89 with 985,979 million shares trading.
IWD has a beta of 0.84, meaning it tends to be less sensitive to market movements. IWD has a correlation of 0.70 to the broad based SPY ETF.
IWD has a market cap of $55.66 billion. This is considered a Large Cap stock.
In the last 3 years, IWD stock traded as high as $179.56 and as low as $134.09.
IWD has underperformed the market in the last year with a price return of +19.2% while the SPY ETF gained +27.8%. However, in the short term, IWD had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.4% vs +4.2% return in SPY. But in the last 2 weeks, IWD shares have been beat by the market, returning +2.2% compared to an SPY return of +2.5%.
IWD support price is $175.27 and resistance is $177.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IWD stock will trade within this expected range on the day.