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

iShares Russell 1000 ETF (NYSEARCA:IWB) hit a new 52-week high on Tuesday. The company traded as high as $427.04 and last traded at $426.8320, with a volume of 270657 shares traded. The stock had previously closed at $423.33.

iShares Russell 1000 ETF Trading Up 0.6%

The company has a 50 day moving average of $418.45 and a 200 day moving average of $402.90. The firm has a market cap of $49.71 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00.

Institutional Trading of iShares Russell 1000 ETF

A number of large investors have recently bought and sold shares of IWB. MCF Advisors LLC raised its holdings in iShares Russell 1000 ETF by 127.6% during the 2nd quarter. MCF Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 37 shares during the period. Planning Strategies Inc. acquired a new stake in shares of iShares Russell 1000 ETF during the third quarter worth $30,000. Sound Income Strategies LLC acquired a new stake in shares of iShares Russell 1000 ETF during the first quarter worth $28,000. Coppell Advisory Solutions LLC bought a new stake in iShares Russell 1000 ETF in the 2nd quarter valued at $36,000. Finally, Wagner Wealth Management LLC acquired a new position in iShares Russell 1000 ETF in the 1st quarter worth $32,000.

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.