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

iShares Russell 3000 ETF (NYSEARCA:IWV)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $411.98 and last traded at $411.17, with a volume of 125828 shares trading hands. The stock had previously closed at $407.84.

iShares Russell 3000 ETF Price Performance

The stock has a 50 day moving average price of $386.73 and a 200-day moving average price of $387.37. The stock has a market capitalization of $19.04 billion, a P/E ratio of 25.11 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Sittner & Nelson LLC bought a new position in shares of iShares Russell 3000 ETF during the fourth quarter valued at about $25,000. Cloud Capital Management LLC bought a new position in shares of iShares Russell 3000 ETF during the third quarter valued at about $28,000. Smithfield Trust Co bought a new position in shares of iShares Russell 3000 ETF during the fourth quarter valued at about $30,000. LRI Investments LLC bought a new position in shares of iShares Russell 3000 ETF during the fourth quarter valued at about $39,000. Finally, Advocate Investing Services LLC bought a new position in shares of iShares Russell 3000 ETF during the fourth quarter valued at about $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.