iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 52-Week High – Time to Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price hit a new 52-week high during trading on Thursday . The company 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 Stock Performance

The company has a 50-day moving average of $409.86 and a 200-day moving average of $391.63. The stock has a market cap of $50.28 billion, a price-to-earnings 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. REAP Financial Group LLC purchased a new position in iShares Russell 1000 ETF during the 4th quarter worth $28,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Russell 1000 ETF in the first quarter valued at about $28,000. Advocate Investing Services LLC acquired a new position in shares of iShares Russell 1000 ETF during the fourth quarter worth about $31,000. Wagner Wealth Management LLC acquired a new position in shares of iShares Russell 1000 ETF during the first quarter worth about $32,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of iShares Russell 1000 ETF during the fourth quarter worth about $44,000.

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.