iShares Russell 2000 ETF (NYSEARCA:IWM) Sets New 1-Year High – Time to Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM)’s share price hit a new 52-week high on Wednesday . The company traded as high as $302.31 and last traded at $301.58, with a volume of 4124931 shares changing hands. The stock had previously closed at $300.45.

iShares Russell 2000 ETF Stock Down 0.6%

The stock has a market capitalization of $81.37 billion, a P/E ratio of 17.69 and a beta of 1.10. The company has a fifty day moving average price of $287.05 and a 200-day moving average price of $268.03.

Institutional Investors Weigh In On iShares Russell 2000 ETF

Several large investors have recently bought and sold shares of the business. Investment Counsel Co. of Nevada purchased a new position in shares of iShares Russell 2000 ETF in the 3rd quarter worth approximately $26,000. Acumen Wealth Advisors LLC purchased a new position in iShares Russell 2000 ETF during the fourth quarter worth $27,000. Measured Wealth Private Client Group LLC bought a new position in iShares Russell 2000 ETF during the third quarter valued at $28,000. Osbon Capital Management LLC bought a new position in iShares Russell 2000 ETF during the fourth quarter valued at $31,000. Finally, Columbia Asset Management bought a new position in iShares Russell 2000 ETF during the fourth quarter valued at $32,000.

About iShares Russell 2000 ETF

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.