iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 1-Year High – What’s Next?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $331.93 and last traded at $331.92, with a volume of 55361 shares traded. The stock had previously closed at $328.90.

iShares Russell 1000 ETF Stock Performance

The company has a market cap of $40.53 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. The stock’s fifty day moving average is $318.08 and its two-hundred day moving average is $304.86.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Several institutional investors have recently modified their holdings of IWB. LRI Investments LLC bought a new position in iShares Russell 1000 ETF during the first quarter valued at $27,000. Transcendent Capital Group LLC grew its stake in shares of iShares Russell 1000 ETF by 76.4% during the 2nd quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock worth $29,000 after acquiring an additional 42 shares during the period. Sound Income Strategies LLC increased its holdings in iShares Russell 1000 ETF by 239.3% in the 3rd quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock worth $30,000 after acquiring an additional 67 shares during the last quarter. Winch Advisory Services LLC bought a new stake in iShares Russell 1000 ETF in the 3rd quarter valued at about $30,000. Finally, Clarkston Capital Partners LLC purchased a new stake in iShares Russell 1000 ETF during the third quarter valued at about $32,000.

About iShares Russell 1000 ETF

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.