iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 12-Month High – Here’s Why

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $369.35 and last traded at $368.84, with a volume of 504187 shares trading hands. The stock had previously closed at $367.47.

iShares Russell 1000 ETF Stock Performance

The company’s 50 day moving average price is $356.48 and its 200 day moving average price is $332.48. The company has a market cap of $43.93 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IWB. Brighton Jones LLC boosted its stake in iShares Russell 1000 ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock worth $58,807,000 after purchasing an additional 6,006 shares in the last quarter. Revolve Wealth Partners LLC increased its position in iShares Russell 1000 ETF by 56.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock valued at $486,000 after acquiring an additional 542 shares in the last quarter. Independence Bank of Kentucky raised its position in iShares Russell 1000 ETF by 55.8% in the 1st quarter. Independence Bank of Kentucky now owns 433 shares of the company’s stock worth $133,000 after purchasing an additional 155 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in iShares Russell 1000 ETF by 54.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,675 shares of the company’s stock worth $514,000 after buying an additional 594 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in iShares Russell 1000 ETF in the 1st quarter valued at $206,000.

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.