iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 1-Year High – Here’s Why
by Sarita Garza · The Markets DailyiShares Russell 1000 ETF (NYSEARCA:IWB – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $378.27 and last traded at $378.2190, with a volume of 252418 shares changing hands. The stock had previously closed at $376.87.
iShares Russell 1000 ETF Stock Performance
The stock’s fifty day simple moving average is $370.67 and its two-hundred day simple moving average is $357.29. The stock has a market capitalization of $45.55 billion, a P/E ratio of 24.71 and a beta of 1.01.
Institutional Trading of iShares Russell 1000 ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital A Wealth Management LLC bought a new stake in shares of iShares Russell 1000 ETF in the 2nd quarter valued at about $30,000. Caldwell Trust Co acquired a new position in shares of iShares Russell 1000 ETF in the second quarter worth approximately $30,000. Highline Wealth Partners LLC bought a new stake in iShares Russell 1000 ETF in the third quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC increased its position in iShares Russell 1000 ETF by 75.0% during 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 during the period. Finally, First Command Advisory Services Inc. bought a new position in iShares Russell 1000 ETF during the 3rd quarter worth approximately $31,000.
iShares Russell 1000 ETF Company Profile
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.