iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 1-Year High – Still a Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $323.61 and last traded at $323.51, with a volume of 3780 shares traded. The stock had previously closed at $316.65.

iShares Russell 1000 ETF Stock Performance

The business has a 50 day moving average of $312.06 and a two-hundred day moving average of $300.50. The stock has a market capitalization of $39.89 billion, a PE ratio of 24.68 and a beta of 1.01.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IWB. Cypress Wealth Services LLC grew its stake in shares of iShares Russell 1000 ETF by 0.7% during the third quarter. Cypress Wealth Services LLC now owns 4,960 shares of the company’s stock worth $1,559,000 after acquiring an additional 33 shares during the last quarter. WealthPLAN Partners LLC increased its stake in iShares Russell 1000 ETF by 2.1% during the 2nd quarter. WealthPLAN Partners LLC now owns 1,703 shares of the company’s stock valued at $507,000 after purchasing an additional 35 shares in the last quarter. Evensky & Katz LLC increased its stake in iShares Russell 1000 ETF by 0.3% during the 3rd quarter. Evensky & Katz LLC now owns 10,201 shares of the company’s stock valued at $3,207,000 after purchasing an additional 35 shares in the last quarter. Lansing Street Advisors raised its holdings in shares of iShares Russell 1000 ETF by 0.3% in the third quarter. Lansing Street Advisors now owns 10,144 shares of the company’s stock worth $3,189,000 after buying an additional 35 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC lifted its stake in shares of iShares Russell 1000 ETF by 0.3% during the third quarter. Riverpoint Wealth Management Holdings LLC now owns 10,720 shares of the company’s stock worth $3,370,000 after buying an additional 36 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.