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

Shares of iShares Russell 1000 ETF (NYSEARCA:IWB) 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

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.