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

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $331.50 and last traded at $331.50, with a volume of 144 shares changing hands. The stock had previously closed at $328.85.

iShares Russell 1000 ETF Price Performance

The firm has a 50-day moving average of $315.28 and a 200 day moving average of $302.64. The company has a market capitalization of $39.56 billion, a PE ratio of 24.68 and a beta of 1.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Etesian Wealth Advisors Inc. grew its stake in shares of iShares Russell 1000 ETF by 32.0% during the 3rd quarter. Etesian Wealth Advisors Inc. now owns 1,241 shares of the company’s stock valued at $390,000 after purchasing an additional 301 shares during the period. Mechanics Bank Trust Department bought a new stake in iShares Russell 1000 ETF during the third quarter valued at approximately $597,000. Cambridge Trust Co. increased its holdings in iShares Russell 1000 ETF by 29.7% during the first quarter. Cambridge Trust Co. now owns 1,760 shares of the company’s stock valued at $507,000 after buying an additional 403 shares during the last quarter. Morton Capital Management LLC CA raised its position in iShares Russell 1000 ETF by 0.9% in the third quarter. Morton Capital Management LLC CA now owns 5,065 shares of the company’s stock worth $1,592,000 after acquiring an additional 43 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of iShares Russell 1000 ETF by 20.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 3,678 shares of the company’s stock worth $1,059,000 after acquiring an additional 625 shares during the last quarter.

iShares Russell 1000 ETF Company Profile

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.