iShares Russell 3000 ETF (NYSEARCA:IWV) Reaches New 12-Month High – Time to Buy?

iShares Russell 3000 ETF (NYSEARCA:IWV) shares reached a new 52-week high on Tuesday . The company traded as high as $382.84 and last traded at $382.18, with a volume of 436694 shares trading hands. The stock had previously closed at $380.77.

iShares Russell 3000 ETF Stock Up 0.4%

The stock has a 50-day simple moving average of $369.11 and a 200-day simple moving average of $344.13. The firm has a market capitalization of $17.27 billion, a PE ratio of 25.11 and a beta of 1.02.

Hedge Funds Weigh In On iShares Russell 3000 ETF

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in shares of iShares Russell 3000 ETF by 1.1% in the 2nd quarter. International Assets Investment Management LLC now owns 2,692 shares of the company’s stock valued at $945,000 after purchasing an additional 28 shares during the period. ETF Portfolio Partners Inc. boosted its holdings in shares of iShares Russell 3000 ETF by 0.8% during the 2nd quarter. ETF Portfolio Partners Inc. now owns 3,702 shares of the company’s stock valued at $1,299,000 after buying an additional 31 shares in the last quarter. Veracity Capital LLC grew its position in shares of iShares Russell 3000 ETF by 2.5% in the 2nd quarter. Veracity Capital LLC now owns 1,401 shares of the company’s stock worth $492,000 after buying an additional 34 shares during the period. Grant GrossMendelsohn LLC increased its stake in shares of iShares Russell 3000 ETF by 3.5% in the 1st quarter. Grant GrossMendelsohn LLC now owns 1,175 shares of the company’s stock worth $368,000 after acquiring an additional 40 shares in the last quarter. Finally, Smith Salley Wealth Management lifted its position in iShares Russell 3000 ETF by 1.3% during the 1st quarter. Smith Salley Wealth Management now owns 3,230 shares of the company’s stock valued at $1,026,000 after acquiring an additional 43 shares during the period.

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).