iShares Russell 3000 ETF (NYSEARCA:IWV) Hits New 52-Week High – Still a Buy?

iShares Russell 3000 ETF (NYSEARCA:IWV) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $431.48 and last traded at $431.42, with a volume of 121597 shares changing hands. The stock had previously closed at $424.87.

iShares Russell 3000 ETF Price Performance

The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. The business has a fifty day moving average price of $423.98 and a 200 day moving average price of $403.88.

Hedge Funds Weigh In On iShares Russell 3000 ETF

Several large investors have recently bought and sold shares of IWV. Heck Capital Advisors LLC increased its holdings in shares of iShares Russell 3000 ETF by 10,736.3% during the 2nd quarter. Heck Capital Advisors LLC now owns 124,292 shares of the company’s stock worth $52,998,000 after purchasing an additional 123,145 shares during the period. Aletheian Wealth Advisors LLC bought a new stake in iShares Russell 3000 ETF in the second quarter valued at about $206,000. Sax Wealth Advisors LLC grew its stake in shares of iShares Russell 3000 ETF by 34.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 13,630 shares of the company’s stock valued at $5,812,000 after purchasing an additional 3,482 shares during the period. Valeo Financial Advisors LLC grew its position in iShares Russell 3000 ETF by 2.6% in the second quarter. Valeo Financial Advisors LLC now owns 3,194 shares of the company’s stock valued at $1,362,000 after acquiring an additional 80 shares during the period. Finally, Castle Rock Wealth Management LLC grew its holdings in shares of iShares Russell 3000 ETF by 8.1% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 6,184 shares of the company’s stock worth $2,632,000 after purchasing an additional 465 shares during the last quarter.

iShares Russell 3000 ETF Company Profile

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.