iShares Russell 3000 ETF (NYSEARCA:IWV) Stock Price Break Above Fifty Day Moving Average – Should You Sell?

iShares Russell 3000 ETF (NYSEARCA:IWV)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $435.43 and traded as high as $436.79. iShares Russell 3000 ETF shares last traded at $436.16, with a volume of 281,411 shares traded.

iShares Russell 3000 ETF Price Performance

The company has a 50 day simple moving average of $435.41 and a 200-day simple moving average of $413.97. The stock has a market capitalization of $20.55 billion, a P/E ratio of 25.11 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell 3000 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bangor Savings Bank purchased a new position in iShares Russell 3000 ETF in the 3rd quarter worth $37,000. RMG Wealth Management LLC purchased a new stake in iShares Russell 3000 ETF during the first quarter valued at about $35,000. Horizons Wealth Management purchased a new stake in iShares Russell 3000 ETF during the third quarter valued at about $50,000. Angeles Wealth Management LLC purchased a new stake in iShares Russell 3000 ETF during the first quarter valued at about $44,000. Finally, Center for Financial Planning Inc. bought a new position in shares of iShares Russell 3000 ETF during the third quarter valued at about $57,000.

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.