iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 52-Week High at $309.87

iShares Russell 1000 ETF (NYSEARCA:IWB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $309.87 and last traded at $309.41, with a volume of 45297 shares changing hands. The stock had previously closed at $308.43.

iShares Russell 1000 ETF Price Performance

The firm has a 50-day simple moving average of $301.37 and a 200 day simple moving average of $292.64. The company has a market capitalization of $37.78 billion, a PE ratio of 24.68 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 1000 ETF

A number of large investors have recently modified their holdings of the stock. Waterloo Capital L.P. acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at approximately $4,471,000. Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell 1000 ETF by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,512,821 shares of the company’s stock valued at $1,183,533,000 after purchasing an additional 146,971 shares during the period. Miller Investment Management LP acquired a new stake in iShares Russell 1000 ETF during the 4th quarter valued at $991,000. Guardian Wealth Advisors LLC NC increased its stake in iShares Russell 1000 ETF by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 9,490 shares of the company’s stock worth $2,489,000 after buying an additional 288 shares during the period. Finally, Creative Planning lifted its holdings in iShares Russell 1000 ETF by 5.2% in the 4th quarter. Creative Planning now owns 679,933 shares of the company’s stock worth $178,319,000 after buying an additional 33,645 shares in 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.