iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 1-Year High – What’s Next?

iShares Russell 1000 ETF (NYSEARCA:IWB) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $411.27 and last traded at $410.20, with a volume of 144638 shares. The stock had previously closed at $409.28.

iShares Russell 1000 ETF Trading Up 0.3%

The stock has a fifty day simple moving average of $384.38 and a 200-day simple moving average of $377.70. The company has a market capitalization of $48.58 billion, a PE ratio of 24.71 and a beta of 1.00.

Institutional Trading of iShares Russell 1000 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IWB. Lansing Street Advisors boosted its holdings in shares of iShares Russell 1000 ETF by 0.3% during the 3rd quarter. Lansing Street Advisors now owns 10,256 shares of the company’s stock worth $3,748,000 after buying an additional 27 shares during the period. Optivise Advisory Services LLC boosted its holdings in shares of iShares Russell 1000 ETF by 0.6% during the 4th quarter. Optivise Advisory Services LLC now owns 4,432 shares of the company’s stock worth $1,655,000 after buying an additional 27 shares during the period. Oak Harbor Wealth Partners LLC boosted its holdings in shares of iShares Russell 1000 ETF by 15.2% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 205 shares of the company’s stock worth $77,000 after buying an additional 27 shares during the period. Waterfront Wealth Inc. boosted its holdings in shares of iShares Russell 1000 ETF by 0.9% during the 4th quarter. Waterfront Wealth Inc. now owns 3,095 shares of the company’s stock worth $1,175,000 after buying an additional 29 shares during the period. Finally, Flagship Private Wealth LLC boosted its holdings in shares of iShares Russell 1000 ETF by 2.1% during the 4th quarter. Flagship Private Wealth LLC now owns 1,396 shares of the company’s stock worth $521,000 after buying an additional 29 shares during the period.

iShares Russell 1000 ETF Company Profile

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.