iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 12-Month High – Time to Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price reached a new 52-week high on Friday . The company traded as high as $336.69 and last traded at $336.41, with a volume of 42135 shares changing hands. The stock had previously closed at $336.01.

iShares Russell 1000 ETF Trading Up 0.0 %

The business’s 50-day simple moving average is $329.33 and its two-hundred day simple moving average is $318.57. The company has a market capitalization of $41.27 billion, a PE ratio of 24.68 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Large investors have recently modified their holdings of the stock. Redwood Park Advisors LLC bought a new position in iShares Russell 1000 ETF in the fourth quarter worth about $27,000. Millstone Evans Group LLC acquired a new stake in shares of iShares Russell 1000 ETF during the 4th quarter valued at $29,000. Winch Advisory Services LLC acquired a new stake in shares of iShares Russell 1000 ETF during the 3rd quarter valued at $30,000. Clarkston Capital Partners LLC acquired a new stake in shares of iShares Russell 1000 ETF during the 3rd quarter valued at $32,000. Finally, Archer Investment Corp acquired a new stake in shares of iShares Russell 1000 ETF during the 3rd quarter valued at $37,000.

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.