iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 1-Year High – Still a Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB) shares hit a new 52-week high on Thursday . The company traded as high as $391.89 and last traded at $391.80, with a volume of 384849 shares trading hands. The stock had previously closed at $388.87.

iShares Russell 1000 ETF Trading Up 1.0%

The business’s 50 day moving average price is $371.60 and its two-hundred day moving average price is $372.87. The stock has a market cap of $46.26 billion, a P/E ratio of 24.71 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 1000 ETF

A number of large investors have recently modified their holdings of the stock. First Horizon Corp purchased a new position in iShares Russell 1000 ETF during the 3rd quarter valued at about $2,240,000. Belpointe Asset Management LLC lifted its position in iShares Russell 1000 ETF by 109.2% during the 3rd quarter. Belpointe Asset Management LLC now owns 10,904 shares of the company’s stock valued at $3,985,000 after acquiring an additional 5,692 shares during the period. Cerity Partners LLC lifted its position in iShares Russell 1000 ETF by 1.1% during the 3rd quarter. Cerity Partners LLC now owns 757,510 shares of the company’s stock valued at $276,854,000 after acquiring an additional 8,149 shares during the period. Calamos Wealth Management LLC lifted its position in iShares Russell 1000 ETF by 16.5% during the 3rd quarter. Calamos Wealth Management LLC now owns 10,400 shares of the company’s stock valued at $3,801,000 after acquiring an additional 1,474 shares during the period. Finally, Corepath Wealth Partners LLC lifted its position in iShares Russell 1000 ETF by 495.5% during the 3rd quarter. Corepath Wealth Partners LLC now owns 22,022 shares of the company’s stock valued at $8,123,000 after acquiring an additional 18,324 shares during the period.

About iShares Russell 1000 ETF

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.