iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 52-Week High – Time to Buy?

iShares Russell 1000 ETF (NYSEARCA:IWBGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $425.40 and last traded at $425.40, with a volume of 48836 shares traded. The stock had previously closed at $423.27.

iShares Russell 1000 ETF Stock Performance

The company has a market capitalization of $50.44 billion, a PE ratio of 24.71 and a beta of 1.00. The business’s 50-day moving average is $409.16 and its 200-day moving average is $391.05.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. REAP Financial Group LLC purchased a new position in shares of iShares Russell 1000 ETF during the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Russell 1000 ETF in the 1st quarter worth approximately $28,000. Advocate Investing Services LLC purchased a new stake in shares of iShares Russell 1000 ETF in the 4th quarter worth approximately $31,000. Optima Capital LLC bought a new position in iShares Russell 1000 ETF during the 4th quarter valued at approximately $32,000. Finally, Wagner Wealth Management LLC bought a new position in iShares Russell 1000 ETF during the 1st quarter valued at approximately $32,000.

About iShares Russell 1000 ETF

(Get Free Report)

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.

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