iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 12-Month High – Still a Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $425.40 and last traded at $425.40, with a volume of 48836 shares trading hands. The stock had previously closed at $423.27.

iShares Russell 1000 ETF Trading Up 0.8%

The stock has a market capitalization of $50.44 billion, a PE ratio of 24.71 and a beta of 1.00. The stock’s fifty day simple moving average is $409.16 and its 200-day simple moving average is $391.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of iShares Russell 1000 ETF by 20.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,623 shares of the company’s stock valued at $5,087,000 after purchasing an additional 2,293 shares in the last quarter. Whittier Trust Co. raised its holdings in iShares Russell 1000 ETF by 2.1% in the fourth quarter. Whittier Trust Co. now owns 85,261 shares of the company’s stock worth $32,352,000 after purchasing an additional 1,746 shares in the last quarter. Vista Capital Partners Inc. raised its holdings in iShares Russell 1000 ETF by 149.0% in the fourth quarter. Vista Capital Partners Inc. now owns 6,026 shares of the company’s stock worth $2,250,000 after purchasing an additional 3,606 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in iShares Russell 1000 ETF during the fourth quarter valued at $1,344,000. Finally, Ieq Capital LLC lifted its position in iShares Russell 1000 ETF by 8.4% during the fourth quarter. Ieq Capital LLC now owns 487,726 shares of the company’s stock valued at $182,137,000 after buying an additional 37,631 shares during the period.

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.