iShares Russell 3000 ETF (NYSEARCA:IWV) Hits New 1-Year High – Here’s Why

iShares Russell 3000 ETF (NYSEARCA:IWV)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $380.18 and last traded at $377.72, with a volume of 144955 shares. The stock had previously closed at $379.81.

iShares Russell 3000 ETF Price Performance

The firm has a market capitalization of $16.88 billion, a P/E ratio of 25.11 and a beta of 1.02. The company has a fifty day moving average of $366.33 and a 200 day moving average of $340.86.

Institutional Investors Weigh In On iShares Russell 3000 ETF

A number of hedge funds have recently added to or reduced their stakes in IWV. NorthRock Partners LLC bought a new stake in shares of iShares Russell 3000 ETF in the 1st quarter valued at $25,000. Proathlete Wealth Management LLC bought a new stake in iShares Russell 3000 ETF in the second quarter valued at $27,000. NBC Securities Inc. acquired a new position in shares of iShares Russell 3000 ETF during the first quarter valued at about $31,000. Hughes Financial Services LLC acquired a new position in shares of iShares Russell 3000 ETF during the first quarter valued at about $34,000. Finally, Caldwell Trust Co bought a new position in iShares Russell 3000 ETF in the second quarter worth approximately $34,000.

iShares Russell 3000 ETF Company Profile

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index).