iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 12-Month High – Here’s What Happened

Shares of iShares Russell 1000 ETF (NYSEARCA:IWB) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $382.62 and last traded at $382.62, with a volume of 377914 shares changing hands. The stock had previously closed at $380.32.

iShares Russell 1000 ETF Stock Performance

The stock’s 50-day moving average price is $368.95 and its 200-day moving average price is $371.24. The company has a market capitalization of $45.43 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 1000 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Focus Partners Wealth grew its stake in iShares Russell 1000 ETF by 86.1% in the 3rd quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock worth $635,852,000 after acquiring an additional 805,083 shares during the period. Bank of America Corp DE grew its stake in iShares Russell 1000 ETF by 14.9% in the 2nd quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after acquiring an additional 616,717 shares during the period. Allstate Corp grew its stake in shares of iShares Russell 1000 ETF by 125.4% during the 4th quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock valued at $402,632,000 after buying an additional 599,755 shares during the period. Millennium Management LLC purchased a new stake in shares of iShares Russell 1000 ETF during the 4th quarter valued at $169,963,000. Finally, Jones Financial Companies Lllp grew its stake in shares of iShares Russell 1000 ETF by 3.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 11,256,502 shares of the company’s stock valued at $4,092,759,000 after buying an additional 427,736 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.