iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 1-Year High – Here’s Why

Shares of iShares Russell 1000 ETF (NYSEARCA:IWB) hit a new 52-week high during trading on Tuesday . The company traded as high as $403.91 and last traded at $403.13, with a volume of 476424 shares. The stock had previously closed at $402.33.

iShares Russell 1000 ETF Price Performance

The company has a market cap of $47.43 billion, a PE ratio of 24.71 and a beta of 1.00. The business has a 50 day moving average of $374.25 and a 200 day moving average of $374.35.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Several institutional investors and hedge funds have recently modified their holdings of IWB. Brighton Jones LLC increased its holdings in shares of iShares Russell 1000 ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock valued at $58,807,000 after acquiring an additional 6,006 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of 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 valued at $486,000 after buying an additional 542 shares during the last quarter. First Trust Advisors LP boosted its position in shares of 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 valued at $444,000 after buying an additional 319 shares during the last quarter. Jump Financial LLC purchased a new position in iShares Russell 1000 ETF in the second quarter worth about $2,403,000. Finally, Qube Research & Technologies Ltd boosted its position in iShares Russell 1000 ETF by 18.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,418 shares of the company’s stock worth $1,161,000 after purchasing an additional 535 shares during the last quarter.

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.