iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 1-Year High – Here’s What Happened

iShares Russell 1000 ETF (NYSEARCA:IWB)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $315.16 and last traded at $315.11, with a volume of 53132 shares traded. The stock had previously closed at $313.91.

iShares Russell 1000 ETF Trading Up 0.7 %

The stock has a market capitalization of $39.02 billion, a PE ratio of 24.68 and a beta of 1.01. The firm’s 50-day simple moving average is $305.04 and its two-hundred day simple moving average is $295.91.

Institutional Investors Weigh In On iShares Russell 1000 ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC grew its position 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 valued at $30,000 after acquiring an additional 67 shares during the period. LRI Investments LLC bought a new stake in shares of iShares Russell 1000 ETF in the first quarter worth about $27,000. Transcendent Capital Group LLC lifted its stake in iShares Russell 1000 ETF by 76.4% in the second quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock valued at $29,000 after buying an additional 42 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in iShares Russell 1000 ETF by 176.7% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 119 shares of the company’s stock worth $35,000 after purchasing an additional 76 shares during the period. Finally, Concourse Financial Group Securities Inc. raised its holdings in shares of iShares Russell 1000 ETF by 164.0% in the first quarter. Concourse Financial Group Securities Inc. now owns 198 shares of the company’s stock valued at $57,000 after purchasing an additional 123 shares during the last quarter.

About iShares Russell 1000 ETF

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.