iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 12-Month High – Should You Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $403.91 and last traded at $403.13, with a volume of 476424 shares traded. The stock had previously closed at $402.33.

iShares Russell 1000 ETF Price Performance

The firm has a market capitalization of $47.57 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The firm’s fifty day moving average is $375.33 and its 200 day moving average is $374.86.

Institutional Trading of iShares Russell 1000 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. REAP Financial Group LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $28,000. Sound Income Strategies LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 1st quarter valued at $28,000. Advocate Investing Services LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $31,000. Optima Capital LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $32,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter valued at $31,000.

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.