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

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $396.19 and last traded at $395.41, with a volume of 666950 shares traded. The stock had previously closed at $392.39.

iShares Russell 1000 ETF Stock Up 0.8%

The stock has a market cap of $46.52 billion, a PE ratio of 24.71 and a beta of 1.00. The firm has a 50-day simple moving average of $372.30 and a 200-day simple moving average of $373.35.

Institutional Investors Weigh In On iShares Russell 1000 ETF

Several institutional investors have recently made changes to their positions in IWB. Brighton Jones LLC lifted its position in shares of iShares Russell 1000 ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock worth $58,807,000 after acquiring an additional 6,006 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of iShares Russell 1000 ETF by 56.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock worth $486,000 after acquiring an additional 542 shares in the last quarter. First Trust Advisors LP lifted its position in shares of iShares Russell 1000 ETF by 32.3% during the second quarter. First Trust Advisors LP now owns 1,307 shares of the company’s stock worth $444,000 after acquiring an additional 319 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of iShares Russell 1000 ETF during the second quarter worth $2,403,000. Finally, Qube Research & Technologies Ltd lifted its position in shares of iShares Russell 1000 ETF by 18.6% during the second quarter. Qube Research & Technologies Ltd now owns 3,418 shares of the company’s stock worth $1,161,000 after acquiring an additional 535 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.