iShares Russell 3000 ETF (NYSEARCA:IWV) Sets New 12-Month High – Here’s Why

Shares of iShares Russell 3000 ETF (NYSEARCA:IWV) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $427.43 and last traded at $426.40, with a volume of 39474 shares traded. The stock had previously closed at $425.61.

iShares Russell 3000 ETF Trading Up 0.2%

The stock’s 50-day moving average is $399.42 and its 200-day moving average is $392.03. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell 3000 ETF

Institutional investors have recently added to or reduced their stakes in the stock. First National Trust Co increased its position in iShares Russell 3000 ETF by 4.2% in the 3rd quarter. First National Trust Co now owns 38,430 shares of the company’s stock valued at $14,563,000 after acquiring an additional 1,557 shares during the period. Apella Capital LLC increased its position in iShares Russell 3000 ETF by 328.6% in the 4th quarter. Apella Capital LLC now owns 26,542 shares of the company’s stock valued at $10,268,000 after acquiring an additional 20,350 shares during the period. Tudor Investment Corp ET AL increased its position in iShares Russell 3000 ETF by 340.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 2,646 shares of the company’s stock valued at $1,003,000 after acquiring an additional 2,045 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in iShares Russell 3000 ETF in the 4th quarter valued at approximately $2,001,000. Finally, Annex Advisory Services LLC acquired a new position in iShares Russell 3000 ETF in the 4th quarter valued at approximately $780,000.

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.