iShares Russell 1000 ETF (NYSEARCA:IWB) Sees Large Volume Increase

iShares Russell 1000 ETF (NYSEARCA:IWB) saw an uptick in trading volume on Friday . 2,227,536 shares changed hands during trading, an increase of 182% from the previous session’s volume of 790,209 shares.The stock last traded at $306.18 and had previously closed at $306.08.

iShares Russell 1000 ETF Price Performance

The stock has a market capitalization of $37.94 billion, a P/E ratio of 24.68 and a beta of 1.01. The stock has a 50 day moving average price of $300.24 and a 200-day moving average price of $289.86.

Institutional Investors Weigh In On iShares Russell 1000 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IWB. International Assets Investment Management LLC raised its position in shares of iShares Russell 1000 ETF by 1.8% during the fourth quarter. International Assets Investment Management LLC now owns 2,290 shares of the company’s stock valued at $601,000 after buying an additional 40 shares during the last quarter. Simplex Trading LLC purchased a new position in iShares Russell 1000 ETF during the 4th quarter valued at approximately $806,000. Kestra Private Wealth Services LLC increased its stake in iShares Russell 1000 ETF by 32.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 6,574 shares of the company’s stock worth $1,724,000 after acquiring an additional 1,592 shares during the last quarter. Certuity LLC purchased a new stake in shares of iShares Russell 1000 ETF during the 4th quarter worth approximately $210,000. Finally, MONECO Advisors LLC boosted its position in shares of iShares Russell 1000 ETF by 1.9% during the 4th quarter. MONECO Advisors LLC now owns 2,160 shares of the company’s stock valued at $566,000 after acquiring an additional 41 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.