iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 52-Week High – Should You Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $336.61 and last traded at $336.02, with a volume of 30063 shares. The stock had previously closed at $336.01.

iShares Russell 1000 ETF Trading Down 0.2 %

The business’s 50 day simple moving average is $328.62 and its 200 day simple moving average is $315.68. The company has a market cap of $41.14 billion, a P/E ratio of 24.68 and a beta of 1.01.

Institutional Trading of iShares Russell 1000 ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in iShares Russell 1000 ETF in the 2nd quarter worth about $303,000. Marshall Wace LLP purchased a new position in shares of iShares Russell 1000 ETF in the second quarter worth about $2,556,000. Squarepoint Ops LLC purchased a new stake in iShares Russell 1000 ETF during the 2nd quarter valued at about $2,639,000. AQR Capital Management LLC grew its stake in iShares Russell 1000 ETF by 17.6% during the 2nd quarter. AQR Capital Management LLC now owns 9,798 shares of the company’s stock valued at $2,915,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in iShares Russell 1000 ETF by 4,016.4% in the 2nd 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 last quarter.

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.