iShares Russell 1000 ETF (NYSEARCA:IWB) Sees Large Volume Increase

Shares of iShares Russell 1000 ETF (NYSEARCA:IWB) saw unusually-high trading volume on Tuesday . Approximately 596,615 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 710,526 shares.The stock last traded at $279.77 and had previously closed at $280.52.

iShares Russell 1000 ETF Price Performance

The stock has a fifty day moving average of $281.57 and a 200 day moving average of $264.15. The firm has a market capitalization of $34.18 billion, a P/E ratio of 25.11 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Several hedge funds have recently made changes to their positions in IWB. Mascoma Wealth Management LLC purchased a new position in iShares Russell 1000 ETF during the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new position in iShares Russell 1000 ETF during the third quarter worth about $28,000. Baystate Wealth Management LLC grew its position in iShares Russell 1000 ETF by 70.8% during the fourth quarter. Baystate Wealth Management LLC now owns 123 shares of the company’s stock worth $32,000 after buying an additional 51 shares in the last quarter. Robinson Capital Management LLC purchased a new position in iShares Russell 1000 ETF during the fourth quarter worth about $33,000. Finally, JNBA Financial Advisors bought a new stake in iShares Russell 1000 ETF during the first quarter worth about $50,000.

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.