iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 12-Month High – Time to Buy?

Shares of iShares Russell 1000 ETF (NYSEARCA:IWBGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $331.50 and last traded at $331.50, with a volume of 144 shares traded. The stock had previously closed at $328.85.

iShares Russell 1000 ETF Stock Performance

The firm has a market capitalization of $40.24 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. The company has a 50-day moving average price of $314.76 and a 200-day moving average price of $302.47.

Institutional Investors Weigh In On iShares Russell 1000 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IWB. Empowered Funds LLC purchased a new position in shares of iShares Russell 1000 ETF during the first quarter worth approximately $204,000. Headlands Technologies LLC acquired a new position in iShares Russell 1000 ETF in the first quarter valued at $106,000. Dorsey & Whitney Trust CO LLC increased its stake in iShares Russell 1000 ETF by 2.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,571 shares of the company’s stock valued at $1,893,000 after purchasing an additional 140 shares during the period. GM Advisory Group LLC raised its holdings in shares of iShares Russell 1000 ETF by 6.3% in the first quarter. GM Advisory Group LLC now owns 11,786 shares of the company’s stock valued at $3,395,000 after buying an additional 700 shares during the last quarter. Finally, 1ST Source Bank boosted its stake in shares of iShares Russell 1000 ETF by 7.7% during the first quarter. 1ST Source Bank now owns 1,780 shares of the company’s stock worth $513,000 after buying an additional 128 shares during the period.

About iShares Russell 1000 ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for iShares Russell 1000 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Russell 1000 ETF and related companies with MarketBeat.com's FREE daily email newsletter.