iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 1-Year High – Still a Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB) shares hit a new 52-week high on Thursday . The stock traded as high as $391.89 and last traded at $391.80, with a volume of 384849 shares changing hands. The stock had previously closed at $388.87.

iShares Russell 1000 ETF Stock Performance

The firm has a market cap of $46.26 billion, a PE ratio of 24.71 and a beta of 1.01. The company’s 50-day simple moving average is $371.60 and its two-hundred day simple moving average is $372.87.

Institutional Investors Weigh In On iShares Russell 1000 ETF

Several institutional investors have recently added to or reduced their stakes in the company. Lansing Street Advisors boosted its position in iShares Russell 1000 ETF by 0.3% during the 3rd quarter. Lansing Street Advisors now owns 10,256 shares of the company’s stock valued at $3,748,000 after buying an additional 27 shares during the period. Optivise Advisory Services LLC boosted its stake in shares of iShares Russell 1000 ETF by 0.6% during the 4th quarter. Optivise Advisory Services LLC now owns 4,432 shares of the company’s stock valued at $1,655,000 after purchasing an additional 27 shares in the last quarter. Oak Harbor Wealth Partners LLC boosted its stake in shares of iShares Russell 1000 ETF by 15.2% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 205 shares of the company’s stock valued at $77,000 after purchasing an additional 27 shares in the last quarter. Waterfront Wealth Inc. boosted its stake in shares of iShares Russell 1000 ETF by 0.9% during the 4th quarter. Waterfront Wealth Inc. now owns 3,095 shares of the company’s stock valued at $1,175,000 after purchasing an additional 29 shares in the last quarter. Finally, Flagship Private Wealth LLC boosted its stake in shares of iShares Russell 1000 ETF by 2.1% during the 4th quarter. Flagship Private Wealth LLC now owns 1,396 shares of the company’s stock valued at $521,000 after purchasing an additional 29 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.