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

iShares Russell 1000 ETF (NYSEARCA:IWB) shares hit a new 52-week high on Friday . The company traded as high as $408.44 and last traded at $408.08, with a volume of 288882 shares changing hands. The stock had previously closed at $404.95.

iShares Russell 1000 ETF Stock Performance

The business’s fifty day moving average is $379.08 and its two-hundred day moving average is $376.09. The company has a market cap of $47.96 billion, a P/E ratio of 24.71 and a beta of 1.00.

Institutional Investors Weigh In On iShares Russell 1000 ETF

Several hedge funds have recently modified their holdings of IWB. Brighton Jones LLC lifted its position in shares of iShares Russell 1000 ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock worth $58,807,000 after purchasing an additional 6,006 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of iShares Russell 1000 ETF by 56.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock worth $486,000 after acquiring an additional 542 shares in the last quarter. First Trust Advisors LP raised its stake in shares of iShares Russell 1000 ETF by 32.3% during the 2nd quarter. First Trust Advisors LP now owns 1,307 shares of the company’s stock worth $444,000 after acquiring an additional 319 shares in the last quarter. Jump Financial LLC bought a new position in shares of iShares Russell 1000 ETF during the 2nd quarter worth approximately $2,403,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of iShares Russell 1000 ETF by 18.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,418 shares of the company’s stock worth $1,161,000 after acquiring an additional 535 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.