iShares Russell 3000 ETF (NYSEARCA:IWV) Reaches New 1-Year High – What’s Next?

iShares Russell 3000 ETF (NYSEARCA:IWV) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $397.07 and last traded at $397.01, with a volume of 47765 shares changing hands. The stock had previously closed at $395.40.

iShares Russell 3000 ETF Price Performance

The stock has a market capitalization of $18.53 billion, a PE ratio of 25.11 and a beta of 1.01. The stock’s 50 day moving average is $383.61 and its two-hundred day moving average is $385.26.

Hedge Funds Weigh In On iShares Russell 3000 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. McLean Asset Management Corp increased its holdings in iShares Russell 3000 ETF by 1.8% in the fourth quarter. McLean Asset Management Corp now owns 1,752 shares of the company’s stock valued at $689,000 after buying an additional 31 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in iShares Russell 3000 ETF by 1.9% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,715 shares of the company’s stock worth $650,000 after buying an additional 32 shares during the last quarter. Harvest Investment Services LLC boosted its position in shares of iShares Russell 3000 ETF by 0.6% during the 3rd quarter. Harvest Investment Services LLC now owns 5,063 shares of the company’s stock worth $1,919,000 after acquiring an additional 32 shares in the last quarter. Synovus Financial Corp boosted its position in shares of iShares Russell 3000 ETF by 0.7% during the 3rd quarter. Synovus Financial Corp now owns 4,904 shares of the company’s stock worth $1,859,000 after acquiring an additional 34 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of iShares Russell 3000 ETF by 0.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 9,403 shares of the company’s stock valued at $3,563,000 after acquiring an additional 37 shares during the last quarter.

About iShares Russell 3000 ETF

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.