iShares Russell 3000 ETF (NYSEARCA:IWV) Sets New 52-Week High – Time to Buy?

iShares Russell 3000 ETF (NYSEARCA:IWV)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $327.20 and last traded at $327.20, with a volume of 24254 shares changing hands. The stock had previously closed at $325.95.

iShares Russell 3000 ETF Stock Up 0.5 %

The stock has a 50 day simple moving average of $316.35 and a 200 day simple moving average of $307.26. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 24.59 and a beta of 1.03.

Institutional Trading of iShares Russell 3000 ETF

A number of hedge funds have recently bought and sold shares of IWV. Financial Connections Group Inc. bought a new stake in shares of iShares Russell 3000 ETF in the second quarter valued at $37,000. Denver PWM LLC bought a new stake in iShares Russell 3000 ETF during the second quarter valued at $42,000. Federated Hermes Inc. boosted its stake in iShares Russell 3000 ETF by 142.1% during the second quarter. Federated Hermes Inc. now owns 138 shares of the company’s stock valued at $43,000 after buying an additional 81 shares during the period. Rothschild Investment LLC purchased a new position in iShares Russell 3000 ETF during the second quarter worth about $44,000. Finally, ORG Partners LLC bought a new position in iShares Russell 3000 ETF in the 2nd quarter worth about $47,000.

About iShares Russell 3000 ETF

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index).