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

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

iShares Russell 1000 ETF Stock Performance

The business has a fifty day simple moving average of $329.47 and a 200-day simple moving average of $319.68. The firm has a market cap of $41.43 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 1000 ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Redwood Park Advisors LLC acquired a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $27,000. Millstone Evans Group LLC acquired a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $29,000. Clarkston Capital Partners LLC acquired a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at about $32,000. Fourth Dimension Wealth LLC acquired a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $36,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $37,000.

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.