iShares Russell 3000 ETF (NYSEARCA:IWV) Hits New 1-Year High – What’s Next?

Shares of iShares Russell 3000 ETF (NYSEARCA:IWV) reached a new 52-week high on Monday . The stock traded as high as $395.49 and last traded at $395.6440, with a volume of 125867 shares traded. The stock had previously closed at $394.77.

iShares Russell 3000 ETF Stock Performance

The firm has a market cap of $18.67 billion, a price-to-earnings ratio of 25.11 and a beta of 1.02. The stock has a 50-day moving average of $386.11 and a 200-day moving average of $374.87.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IWV. Gallagher Fiduciary Advisors LLC grew its stake in iShares Russell 3000 ETF by 31,808.4% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 988,203 shares of the company’s stock valued at $346,859,000 after purchasing an additional 985,106 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of iShares Russell 3000 ETF in the 3rd quarter valued at approximately $46,598,000. Ameriprise Financial Inc. boosted its holdings in shares of iShares Russell 3000 ETF by 16.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 450,539 shares of the company’s stock valued at $158,217,000 after buying an additional 61,982 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of iShares Russell 3000 ETF by 6,079.4% in the second quarter. Concurrent Investment Advisors LLC now owns 62,968 shares of the company’s stock valued at $22,102,000 after buying an additional 61,949 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its holdings in iShares Russell 3000 ETF by 35,000.0% during the second quarter. Laurel Wealth Advisors LLC now owns 57,915 shares of the company’s stock worth $20,328,000 after buying an additional 57,750 shares during the last quarter.

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.