iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 1-Year High – Here’s Why

iShares Russell 1000 ETF (NYSEARCA:IWB) shares hit a new 52-week high during trading on Friday . The stock traded as high as $390.73 and last traded at $390.34, with a volume of 274817 shares traded. The stock had previously closed at $387.93.

iShares Russell 1000 ETF Stock Performance

The stock’s 50-day simple moving average is $370.37 and its two-hundred day simple moving average is $372.18. The stock has a market cap of $46.53 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Several large investors have recently made changes to their positions in IWB. Rede Wealth LLC acquired a new position in shares of iShares Russell 1000 ETF during the third quarter valued at about $2,475,000. First Horizon Corp bought a new position in iShares Russell 1000 ETF during the third quarter valued at about $2,240,000. Belpointe Asset Management LLC increased its stake in iShares Russell 1000 ETF by 109.2% during the third quarter. Belpointe Asset Management LLC now owns 10,904 shares of the company’s stock valued at $3,985,000 after acquiring an additional 5,692 shares during the period. Calamos Wealth Management LLC raised its holdings in iShares Russell 1000 ETF by 16.5% in the 3rd quarter. Calamos Wealth Management LLC now owns 10,400 shares of the company’s stock valued at $3,801,000 after acquiring an additional 1,474 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of iShares Russell 1000 ETF by 1.1% in the 3rd quarter. Cerity Partners LLC now owns 757,510 shares of the company’s stock worth $276,854,000 after acquiring an additional 8,149 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.