iShares Russell 3000 ETF (NYSEARCA:IWV) Reaches New 12-Month High – Should You Buy?

iShares Russell 3000 ETF (NYSEARCA:IWV)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $346.80 and last traded at $346.38, with a volume of 193213 shares trading hands. The stock had previously closed at $346.20.

iShares Russell 3000 ETF Trading Up 0.1 %

The stock has a 50 day moving average of $332.80 and a 200-day moving average of $318.40. The company has a market capitalization of $15.87 billion, a P/E ratio of 24.59 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Synovus Financial Corp boosted its stake in iShares Russell 3000 ETF by 1.6% in the 3rd quarter. Synovus Financial Corp now owns 6,793 shares of the company’s stock worth $2,219,000 after purchasing an additional 109 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of iShares Russell 3000 ETF by 106.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 23,738 shares of the company’s stock worth $7,756,000 after acquiring an additional 12,225 shares in the last quarter. World Investment Advisors LLC raised its holdings in shares of iShares Russell 3000 ETF by 6.7% during the 3rd quarter. World Investment Advisors LLC now owns 3,321 shares of the company’s stock worth $1,085,000 after acquiring an additional 209 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of iShares Russell 3000 ETF during the 3rd quarter worth approximately $452,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of iShares Russell 3000 ETF by 36.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 136 shares of the company’s stock worth $44,000 after acquiring an additional 36 shares in 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).