iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 52-Week High – Here’s What Happened
by Tristan Rich · The Markets DailyiShares Russell 1000 ETF (NYSEARCA:IWB – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $427.04 and last traded at $426.8320, with a volume of 270657 shares changing hands. The stock had previously closed at $423.33.
iShares Russell 1000 ETF Trading Up 0.6%
The stock has a market capitalization of $49.71 billion, a P/E ratio of 24.71 and a beta of 1.00. The company has a fifty day simple moving average of $418.45 and a two-hundred day simple moving average of $402.90.
Hedge Funds Weigh In On iShares Russell 1000 ETF
Several large investors have recently bought and sold shares of the business. MCF Advisors LLC grew its stake in shares of iShares Russell 1000 ETF by 127.6% during the second quarter. MCF Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 37 shares during the period. Planning Strategies Inc. acquired a new position in shares of iShares Russell 1000 ETF during the 3rd quarter worth about $30,000. Sound Income Strategies LLC bought a new stake in shares of iShares Russell 1000 ETF in the 1st quarter valued at about $28,000. Coppell Advisory Solutions LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 2nd quarter valued at approximately $36,000. Finally, Wagner Wealth Management LLC bought a new position in iShares Russell 1000 ETF during the 1st quarter worth approximately $32,000.
About iShares Russell 1000 ETF
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.