iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 1-Year High – Still a Buy?

Shares of iShares Russell 1000 ETF (NYSEARCA:IWB) reached a new 52-week high on Wednesday . The company traded as high as $323.61 and last traded at $323.51, with a volume of 3780 shares traded. The stock had previously closed at $316.65.

iShares Russell 1000 ETF Stock Performance

The company has a market cap of $39.89 billion, a P/E ratio of 24.68 and a beta of 1.01. The business’s fifty day moving average is $312.06 and its two-hundred day moving average is $300.50.

Institutional Trading of iShares Russell 1000 ETF

A number of large investors have recently modified their holdings of the company. LRI Investments LLC purchased a new stake in shares of iShares Russell 1000 ETF in the 1st quarter worth $27,000. Transcendent Capital Group LLC grew its holdings in iShares Russell 1000 ETF by 76.4% during the 2nd quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock worth $29,000 after acquiring an additional 42 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of iShares Russell 1000 ETF by 239.3% in the 3rd quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock valued at $30,000 after purchasing an additional 67 shares in the last quarter. Winch Advisory Services LLC purchased a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter worth approximately $30,000. Finally, Rosenberg Matthew Hamilton boosted its stake in shares of iShares Russell 1000 ETF by 176.7% during the second quarter. Rosenberg Matthew Hamilton now owns 119 shares of the company’s stock valued at $35,000 after purchasing an additional 76 shares in the last quarter.

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.