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

iShares Russell 1000 ETF (NYSEARCA:IWB) hit a new 52-week high on Friday . The stock traded as high as $336.69 and last traded at $336.41, with a volume of 42135 shares traded. The stock had previously closed at $336.01.

iShares Russell 1000 ETF Price Performance

The firm has a 50 day moving average of $329.33 and a two-hundred day moving average of $318.82. The stock has a market cap of $41.25 billion, a PE ratio of 24.68 and a beta of 1.01.

Institutional Trading of iShares Russell 1000 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its position in iShares Russell 1000 ETF by 2.6% in the third quarter. Global Retirement Partners LLC now owns 2,969 shares of the company’s stock valued at $934,000 after acquiring an additional 75 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of iShares Russell 1000 ETF by 0.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 36,421 shares of the company’s stock valued at $11,450,000 after purchasing an additional 218 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of iShares Russell 1000 ETF by 0.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 8,046 shares of the company’s stock valued at $2,530,000 after purchasing an additional 48 shares during the period. Precedent Wealth Partners LLC increased its position in iShares Russell 1000 ETF by 46.0% during the third quarter. Precedent Wealth Partners LLC now owns 11,956 shares of the company’s stock worth $3,759,000 after buying an additional 3,765 shares during the period. Finally, IFG Advisors LLC increased its position in iShares Russell 1000 ETF by 2.5% during the third quarter. IFG Advisors LLC now owns 14,453 shares of the company’s stock worth $4,544,000 after buying an additional 351 shares during the period.

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.