iShares Russell 3000 ETF (NYSEARCA:IWV) Sets New 52-Week High – Here’s Why

Shares of iShares Russell 3000 ETF (NYSEARCA:IWV) reached a new 52-week high on Friday . The stock traded as high as $406.29 and last traded at $405.90, with a volume of 63336 shares. The stock had previously closed at $403.33.

iShares Russell 3000 ETF Price Performance

The business has a 50 day simple moving average of $384.69 and a 200-day simple moving average of $386.09. The stock has a market capitalization of $18.76 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 and hedge funds have recently modified their holdings of the business. Sittner & Nelson LLC acquired a new stake in iShares Russell 3000 ETF during the 4th quarter worth approximately $25,000. Cloud Capital Management LLC acquired a new position in shares of iShares Russell 3000 ETF in the third quarter valued at approximately $28,000. Smithfield Trust Co bought a new stake in shares of iShares Russell 3000 ETF during the fourth quarter worth $30,000. LRI Investments LLC bought a new stake in shares of iShares Russell 3000 ETF during the fourth quarter worth $39,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of iShares Russell 3000 ETF during the fourth quarter worth $49,000.

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.