iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 52-Week 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 Thursday . The company traded as high as $411.27 and last traded at $410.20, with a volume of 144638 shares changing hands. The stock had previously closed at $409.28.

iShares Russell 1000 ETF Stock Performance

The firm has a market cap of $48.43 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The business’s 50 day moving average price is $382.45 and its 200-day moving average price is $377.15.

Institutional Investors Weigh In On iShares Russell 1000 ETF

A number of institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its stake in iShares Russell 1000 ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock worth $58,807,000 after acquiring an additional 6,006 shares during the period. Revolve Wealth Partners LLC raised its stake in iShares Russell 1000 ETF by 56.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock worth $486,000 after acquiring an additional 542 shares during the period. First Trust Advisors LP raised its stake in iShares Russell 1000 ETF by 32.3% during the second quarter. First Trust Advisors LP now owns 1,307 shares of the company’s stock worth $444,000 after acquiring an additional 319 shares during the period. Jump Financial LLC acquired a new stake in iShares Russell 1000 ETF during the second quarter worth about $2,403,000. Finally, Qube Research & Technologies Ltd raised its stake in iShares Russell 1000 ETF by 18.6% during the second quarter. Qube Research & Technologies Ltd now owns 3,418 shares of the company’s stock worth $1,161,000 after acquiring an additional 535 shares during the period.

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.