iShares Russell 3000 ETF (NYSEARCA:IWV) Sees Unusually-High Trading Volume – Still a Buy?

iShares Russell 3000 ETF (NYSEARCA:IWV) saw unusually-strong trading volume on Thursday . 824,294 shares changed hands during mid-day trading, an increase of 405% from the previous session’s volume of 163,246 shares.The stock last traded at $298.45 and had previously closed at $308.35.

iShares Russell 3000 ETF Stock Up 1.7 %

The business has a 50 day moving average price of $325.27 and a 200-day moving average price of $333.24. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 22.90 and a beta of 1.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new stake in iShares Russell 3000 ETF during the 4th quarter worth approximately $25,000. NBC Securities Inc. bought a new position in iShares Russell 3000 ETF during the 1st quarter valued at $31,000. Principal Securities Inc. grew its holdings in iShares Russell 3000 ETF by 237.5% during the 4th quarter. Principal Securities Inc. now owns 108 shares of the company’s stock worth $36,000 after acquiring an additional 76 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of iShares Russell 3000 ETF by 126.8% in the 4th quarter. Avior Wealth Management LLC now owns 127 shares of the company’s stock worth $43,000 after purchasing an additional 71 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of iShares Russell 3000 ETF by 36.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 136 shares of the company’s stock valued at $44,000 after purchasing an additional 36 shares in the last quarter.

About iShares Russell 3000 ETF

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).