iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 52-Week High at $314.29

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $314.29 and last traded at $314.14, with a volume of 609875 shares changing hands. The stock had previously closed at $313.33.

iShares Russell 1000 ETF Trading Up 0.3 %

The company has a 50 day simple moving average of $301.79 and a two-hundred day simple moving average of $293.39. The firm has a market capitalization of $38.56 billion, a P/E ratio of 24.68 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 1000 ETF

A number of hedge funds have recently bought and sold shares of IWB. Pathstone Holdings LLC purchased a new stake in iShares Russell 1000 ETF during the 4th quarter valued at $303,994,000. Millennium Management LLC raised its stake in shares of iShares Russell 1000 ETF by 4,016.4% in the second quarter. Millennium Management LLC now owns 357,509 shares of the company’s stock valued at $106,373,000 after acquiring an additional 348,824 shares during the period. Jones Financial Companies Lllp raised its stake in shares of iShares Russell 1000 ETF by 2.8% in the fourth quarter. Jones Financial Companies Lllp now owns 8,379,815 shares of the company’s stock valued at $2,197,690,000 after acquiring an additional 227,252 shares during the period. Winthrop Advisory Group LLC lifted its holdings in shares of iShares Russell 1000 ETF by 392.0% in the 1st quarter. Winthrop Advisory Group LLC now owns 254,787 shares of the company’s stock worth $73,386,000 after acquiring an additional 203,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of iShares Russell 1000 ETF during the 2nd quarter worth about $59,508,000.

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.