iShares Russell 1000 ETF (NYSEARCA:IWB – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $427.04 and last traded at $426.8320, with a volume of 270657 shares trading hands. The stock had previously closed at $423.33.
iShares Russell 1000 ETF Stock Down 0.3%
The company has a market cap of $49.40 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The business’s fifty day simple moving average is $419.35 and its two-hundred day simple moving average is $403.80.
Institutional Investors Weigh In On iShares Russell 1000 ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC boosted its stake in iShares Russell 1000 ETF by 127.6% in the second quarter. MCF Advisors LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 37 shares in the last quarter. Planning Strategies Inc. acquired a new stake in shares of iShares Russell 1000 ETF during the third quarter worth about $30,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Russell 1000 ETF in the 1st quarter valued at about $28,000. Coppell Advisory Solutions LLC purchased a new stake in shares of iShares Russell 1000 ETF in the 2nd quarter valued at about $36,000. Finally, Wagner Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 1st quarter valued at about $32,000.
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.
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