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

iShares Russell 1000 ETF (NYSEARCA:IWB) hit a new 52-week high on Thursday . The company traded as high as $341.07 and last traded at $340.97, with a volume of 589794 shares trading hands. The stock had previously closed at $339.37.

iShares Russell 1000 ETF Price Performance

The company has a market cap of $41.72 billion, a PE ratio of 24.71 and a beta of 1.01. The stock has a 50 day simple moving average of $322.74 and a two-hundred day simple moving average of $319.20.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Institutional investors have recently modified their holdings of the business. Kera Capital Partners Inc. boosted its stake in iShares Russell 1000 ETF by 217.2% during the 2nd quarter. Kera Capital Partners Inc. now owns 8,928 shares of the company’s stock worth $3,032,000 after purchasing an additional 6,113 shares during the period. eCIO Inc. acquired a new stake in shares of iShares Russell 1000 ETF during the first quarter worth about $36,000. First Hawaiian Bank grew its holdings in shares of iShares Russell 1000 ETF by 53.7% during the first quarter. First Hawaiian Bank now owns 35,746 shares of the company’s stock worth $10,965,000 after buying an additional 12,490 shares during the last quarter. Modern Wealth Management LLC grew its holdings in shares of iShares Russell 1000 ETF by 69.5% during the first quarter. Modern Wealth Management LLC now owns 2,280 shares of the company’s stock worth $699,000 after buying an additional 935 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in iShares Russell 1000 ETF by 5.1% in the 1st quarter. Jones Financial Companies Lllp now owns 10,240,732 shares of the company’s stock valued at $3,123,735,000 after acquiring an additional 499,981 shares during the period.

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.