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 Tuesday . The stock traded as high as $419.96 and last traded at $419.06, with a volume of 122712 shares. The stock had previously closed at $418.32.

iShares Russell 3000 ETF Price Performance

The firm has a fifty day simple moving average of $388.79 and a 200 day simple moving average of $388.44. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01.

Institutional Trading of iShares Russell 3000 ETF

A number of institutional investors have recently made changes to their positions in IWV. AQR Capital Management LLC lifted its position in iShares Russell 3000 ETF by 15.5% during the first quarter. AQR Capital Management LLC now owns 8,152 shares of the company’s stock worth $2,590,000 after buying an additional 1,095 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of iShares Russell 3000 ETF in the second quarter valued at $210,000. Quantinno Capital Management LP grew its stake in iShares Russell 3000 ETF by 22.9% during the 2nd quarter. Quantinno Capital Management LP now owns 20,872 shares of the company’s stock worth $7,326,000 after purchasing an additional 3,886 shares in the last quarter. Raymond James Financial Inc. grew its stake in iShares Russell 3000 ETF by 7.1% during the 2nd quarter. Raymond James Financial Inc. now owns 151,857 shares of the company’s stock worth $53,302,000 after purchasing an additional 10,009 shares in the last quarter. Finally, UNC Management Company Inc. grew its stake in iShares Russell 3000 ETF by 0.3% during the 2nd quarter. UNC Management Company Inc. now owns 578,635 shares of the company’s stock worth $203,101,000 after purchasing an additional 1,506 shares in the last quarter.

About iShares Russell 3000 ETF

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). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.