iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 12-Month High – Should You Buy?

by · The Cerbat Gem

iShares Russell 1000 ETF (NYSEARCA:IWB – Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $377.85 and last traded at $377.87, with a volume of 638438 shares. The stock had previously closed at $376.79.

iShares Russell 1000 ETF Price Performance

The stock has a market capitalization of $45.00 billion, a P/E ratio of 24.71 and a beta of 1.01. The stock’s fifty day moving average price is $369.75 and its 200 day moving average price is $354.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital A Wealth Management LLC bought a new position in shares of iShares Russell 1000 ETF during the 2nd quarter worth $30,000. Caldwell Trust Co bought a new position in iShares Russell 1000 ETF during the 2nd quarter worth about $30,000. Highline Wealth Partners LLC purchased a new position in iShares Russell 1000 ETF during the 3rd quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of iShares Russell 1000 ETF by 75.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 91 shares of the company’s stock valued at $31,000 after purchasing an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter worth approximately $31,000.

iShares Russell 1000 ETF Company Profile

(Get Free Report)

iShares Russell 1000 ETF (the Fund), formerly iShares Russell 1000 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 1000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the large-capitalization sector of the United States equity market and includes securities issued by the approximately 1,000 largest issuers in the Russell 3000 Index.

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