iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 1-Year High – Here’s What Happened

iShares Russell 1000 ETF (NYSEARCA:IWB) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $315.16 and last traded at $315.11, with a volume of 53132 shares trading hands. The stock had previously closed at $313.91.

iShares Russell 1000 ETF Price Performance

The business has a fifty day moving average price of $304.39 and a 200 day moving average price of $295.63. The company has a market capitalization of $38.74 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 1000 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cypress Wealth Services LLC raised its stake in shares of iShares Russell 1000 ETF by 0.7% during the third quarter. Cypress Wealth Services LLC now owns 4,960 shares of the company’s stock valued at $1,559,000 after purchasing an additional 33 shares in the last quarter. WealthPLAN Partners LLC raised its position in iShares Russell 1000 ETF by 2.1% in the second quarter. WealthPLAN Partners LLC now owns 1,703 shares of the company’s stock worth $507,000 after acquiring an additional 35 shares in the last quarter. Evensky & Katz LLC raised its position in iShares Russell 1000 ETF by 0.3% in the third quarter. Evensky & Katz LLC now owns 10,201 shares of the company’s stock worth $3,207,000 after acquiring an additional 35 shares in the last quarter. Capital Advisors Wealth Management LLC raised its position in iShares Russell 1000 ETF by 1.8% in the first quarter. Capital Advisors Wealth Management LLC now owns 2,041 shares of the company’s stock worth $588,000 after acquiring an additional 36 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in iShares Russell 1000 ETF by 2.3% in the second quarter. Sunbelt Securities Inc. now owns 1,659 shares of the company’s stock worth $493,000 after acquiring an additional 38 shares in the last quarter.

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.