iShares Russell 3000 ETF (NYSEARCA:IWV) Sets New 12-Month High – Here’s What Happened

Shares of iShares Russell 3000 ETF (NYSEARCA:IWV) reached a new 52-week high during trading on Thursday . The stock traded as high as $442.42 and last traded at $442.32, with a volume of 30314 shares traded. The stock had previously closed at $440.21.

iShares Russell 3000 ETF Price Performance

The stock has a market cap of $20.50 billion, a P/E ratio of 25.11 and a beta of 1.01. The stock’s 50-day moving average is $425.68 and its two-hundred day moving average is $406.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IWV. Sittner & Nelson LLC purchased a new position in shares of iShares Russell 3000 ETF during the fourth quarter valued at about $25,000. Smithfield Trust Co purchased a new stake in shares of iShares Russell 3000 ETF in the fourth quarter worth about $30,000. RMG Wealth Management LLC bought a new position in iShares Russell 3000 ETF during the first quarter valued at approximately $35,000. LRI Investments LLC bought a new position in iShares Russell 3000 ETF during the fourth quarter valued at approximately $39,000. Finally, Angeles Wealth Management LLC bought a new position in iShares Russell 3000 ETF during the first quarter valued at approximately $44,000.

About iShares Russell 3000 ETF

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.