iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 1-Year High – Here’s Why

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $337.76 and last traded at $337.54, with a volume of 435519 shares changing hands. The stock had previously closed at $336.91.

iShares Russell 1000 ETF Price Performance

The stock’s 50-day moving average is $329.58 and its 200 day moving average is $319.92. The stock has a market cap of $40.47 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01.

Institutional Trading of iShares Russell 1000 ETF

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its position in shares of iShares Russell 1000 ETF by 23.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 196 shares of the company’s stock worth $62,000 after purchasing an additional 37 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of iShares Russell 1000 ETF by 10.7% in the third quarter. Foundations Investment Advisors LLC now owns 972 shares of the company’s stock valued at $306,000 after purchasing an additional 94 shares during the period. International Assets Investment Management LLC boosted its holdings in iShares Russell 1000 ETF by 26,328.0% during the third quarter. International Assets Investment Management LLC now owns 605,201 shares of the company’s stock worth $190,269,000 after buying an additional 602,911 shares in the last quarter. CENTRAL TRUST Co grew its position in iShares Russell 1000 ETF by 20.1% during the third quarter. CENTRAL TRUST Co now owns 952 shares of the company’s stock worth $299,000 after buying an additional 159 shares during the period. Finally, Bogart Wealth LLC increased its holdings in iShares Russell 1000 ETF by 31.5% in the third quarter. Bogart Wealth LLC now owns 1,625 shares of the company’s stock valued at $511,000 after buying an additional 389 shares in the last quarter.

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.