iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 1-Year High – Here’s Why

iShares Russell 1000 ETF (NYSEARCA:IWBGet Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $336.61 and last traded at $336.02, with a volume of 30063 shares trading hands. The stock had previously closed at $336.01.

iShares Russell 1000 ETF Trading Down 0.0 %

The firm has a 50-day moving average of $328.18 and a 200 day moving average of $315.32. The company has a market cap of $41.24 billion, a P/E ratio of 24.68 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its holdings in iShares Russell 1000 ETF by 239.3% in the third quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock worth $30,000 after acquiring an additional 67 shares in the last quarter. Winch Advisory Services LLC purchased a new stake in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $30,000. Clarkston Capital Partners LLC purchased a new stake in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $32,000. Archer Investment Corp purchased a new stake in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $37,000. Finally, Crews Bank & Trust purchased a new stake in shares of iShares Russell 1000 ETF during the fourth quarter valued at approximately $37,000.

iShares Russell 1000 ETF Company Profile

(Get Free Report)

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.

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