iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 1-Year High – Time to Buy?

Shares of iShares Russell 1000 ETF (NYSEARCA:IWB) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $382.62 and last traded at $382.62, with a volume of 377914 shares changing hands. The stock had previously closed at $380.32.

iShares Russell 1000 ETF Stock Up 1.2%

The business has a 50-day moving average price of $369.37 and a 200-day moving average price of $371.42. The firm has a market capitalization of $46.30 billion, a PE ratio of 24.71 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 1000 ETF

Large investors have recently made changes to their positions in the stock. REAP Financial Group LLC purchased a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at approximately $28,000. Caldwell Trust Co purchased a new stake in shares of iShares Russell 1000 ETF in the second quarter valued at approximately $30,000. Highline Wealth Partners LLC purchased a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at approximately $30,000. First Command Advisory Services Inc. purchased a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at approximately $31,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at approximately $31,000.

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.