iShares Russell 3000 ETF (NYSEARCA:IWV) Sets New 52-Week High – Here’s Why

iShares Russell 3000 ETF (NYSEARCA:IWV) reached a new 52-week high during trading on Friday . The company traded as high as $406.29 and last traded at $405.90, with a volume of 63336 shares changing hands. The stock had previously closed at $403.33.

iShares Russell 3000 ETF Stock Up 0.7%

The stock has a market cap of $18.76 billion, a P/E ratio of 25.11 and a beta of 1.01. The stock has a fifty day simple moving average of $384.69 and a 200-day simple moving average of $386.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in iShares Russell 3000 ETF by 15.5% in the first quarter. AQR Capital Management LLC now owns 8,152 shares of the company’s stock worth $2,590,000 after purchasing an additional 1,095 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of iShares Russell 3000 ETF in the 2nd quarter valued at $210,000. Quantinno Capital Management LP increased its position in shares of iShares Russell 3000 ETF by 22.9% in the 2nd quarter. Quantinno Capital Management LP now owns 20,872 shares of the company’s stock valued at $7,326,000 after buying an additional 3,886 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of iShares Russell 3000 ETF by 7.1% in the 2nd quarter. Raymond James Financial Inc. now owns 151,857 shares of the company’s stock valued at $53,302,000 after buying an additional 10,009 shares in the last quarter. Finally, UNC Management Company Inc. raised its stake in iShares Russell 3000 ETF by 0.3% during the 2nd quarter. UNC Management Company Inc. now owns 578,635 shares of the company’s stock worth $203,101,000 after buying an additional 1,506 shares during the period.

iShares Russell 3000 ETF Company Profile

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.