iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 52-Week High – What’s Next?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $378.88 and last traded at $378.8410, with a volume of 621440 shares changing hands. The stock had previously closed at $377.05.

iShares Russell 1000 ETF Trading Down 0.0%

The company has a market cap of $46.86 billion, a P/E ratio of 24.71 and a beta of 1.01. The company’s fifty day moving average is $372.37 and its 200 day moving average is $360.89.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Rede Wealth LLC purchased a new stake in iShares Russell 1000 ETF in the third quarter worth about $2,475,000. Flow Traders U.S. LLC purchased a new position in shares of iShares Russell 1000 ETF during the 2nd quarter valued at about $1,485,000. Diversified Enterprises LLC bought a new position in shares of iShares Russell 1000 ETF during the 2nd quarter valued at approximately $229,000. Calamos Wealth Management LLC grew its stake in shares of iShares Russell 1000 ETF by 16.5% during the 3rd quarter. Calamos Wealth Management LLC now owns 10,400 shares of the company’s stock valued at $3,801,000 after acquiring an additional 1,474 shares during the period. Finally, MPS Loria Financial Planners LLC increased its holdings in iShares Russell 1000 ETF by 0.6% in the 3rd quarter. MPS Loria Financial Planners LLC now owns 334,251 shares of the company’s stock worth $122,162,000 after acquiring an additional 1,854 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.