iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 52-Week High at $288.75

iShares Russell 1000 ETF (NYSEARCA:IWB)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $288.75 and last traded at $288.03, with a volume of 858035 shares trading hands. The stock had previously closed at $288.10.

iShares Russell 1000 ETF Stock Down 0.0 %

The stock has a market cap of $36.46 billion, a price-to-earnings ratio of 17.92 and a beta of 1.01. The company has a 50 day simple moving average of $276.78 and a 200 day simple moving average of $257.20.

Institutional Trading of iShares Russell 1000 ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Mascoma Wealth Management LLC bought a new position in iShares Russell 1000 ETF in the 4th quarter valued at approximately $25,000. Patriot Investment Management Group Inc. acquired a new position in shares of iShares Russell 1000 ETF during the fourth quarter worth $28,000. Cullen Frost Bankers Inc. bought a new stake in shares of iShares Russell 1000 ETF in the third quarter worth $28,000. Robinson Capital Management LLC bought a new stake in shares of iShares Russell 1000 ETF in the first quarter worth $31,000. Finally, Baystate Wealth Management LLC increased its holdings in iShares Russell 1000 ETF by 70.8% in the fourth quarter. Baystate Wealth Management LLC now owns 123 shares of the company’s stock valued at $32,000 after purchasing an additional 51 shares during the period.

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.