iShares Russell 3000 ETF (NYSEARCA:IWV) Hits New 1-Year High – What’s Next?

iShares Russell 3000 ETF (NYSEARCA:IWV) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $336.66 and last traded at $336.66, with a volume of 114 shares traded. The stock had previously closed at $329.14.

iShares Russell 3000 ETF Stock Performance

The business has a fifty day simple moving average of $325.50 and a 200-day simple moving average of $313.04. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 24.59 and a beta of 1.03.

Hedge Funds Weigh In On iShares Russell 3000 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Anchor Investment Management LLC increased its holdings in iShares Russell 3000 ETF by 4.4% in the 2nd quarter. Anchor Investment Management LLC now owns 790 shares of the company’s stock worth $244,000 after purchasing an additional 33 shares in the last quarter. Fluent Financial LLC grew its position in shares of iShares Russell 3000 ETF by 3.2% in the 2nd quarter. Fluent Financial LLC now owns 1,095 shares of the company’s stock valued at $338,000 after buying an additional 34 shares during the last quarter. Strategic Blueprint LLC grew its position in shares of iShares Russell 3000 ETF by 0.7% in the 2nd quarter. Strategic Blueprint LLC now owns 4,983 shares of the company’s stock valued at $1,538,000 after buying an additional 37 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in shares of iShares Russell 3000 ETF by 4.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 821 shares of the company’s stock valued at $253,000 after buying an additional 38 shares during the last quarter. Finally, ETF Portfolio Partners Inc. grew its position in shares of iShares Russell 3000 ETF by 0.8% in the 2nd quarter. ETF Portfolio Partners Inc. now owns 5,277 shares of the company’s stock valued at $1,629,000 after buying an additional 41 shares during the last quarter.

iShares Russell 3000 ETF Company Profile

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index).