iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 52-Week High – Here’s What Happened

iShares Russell 1000 ETF (NYSEARCA:IWB) shares reached a new 52-week high on Thursday . The stock traded as high as $411.27 and last traded at $410.20, with a volume of 144638 shares traded. The stock had previously closed at $409.28.

iShares Russell 1000 ETF Stock Up 0.6%

The stock has a market cap of $48.43 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The firm’s 50 day moving average is $382.45 and its two-hundred day moving average is $377.15.

Institutional Investors Weigh In On iShares Russell 1000 ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. WNY Asset Management LLC acquired a new stake in iShares Russell 1000 ETF during the first quarter worth about $626,000. Bank of America Corp DE increased its stake in shares of iShares Russell 1000 ETF by 4.9% in the first quarter. Bank of America Corp DE now owns 5,155,585 shares of the company’s stock valued at $1,838,275,000 after purchasing an additional 240,695 shares during the period. Hamilton Wealth LLC acquired a new stake in shares of iShares Russell 1000 ETF in the first quarter valued at approximately $979,000. Bull Harbor Capital LLC acquired a new stake in shares of iShares Russell 1000 ETF in the first quarter valued at approximately $200,000. Finally, Arkadios Wealth Advisors increased its stake in shares of iShares Russell 1000 ETF by 21.3% in the first quarter. Arkadios Wealth Advisors now owns 7,733 shares of the company’s stock valued at $2,757,000 after purchasing an additional 1,357 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.