iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 12-Month High – Should You Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $416.99 and last traded at $416.99, with a volume of 15696 shares traded. The stock had previously closed at $414.59.

iShares Russell 1000 ETF Stock Up 1.0%

The business has a fifty day moving average of $407.72 and a 200 day moving average of $388.85. The firm has a market cap of $49.43 billion, a P/E ratio of 24.71 and a beta of 1.00.

Institutional Investors Weigh In On iShares Russell 1000 ETF

Several hedge funds have recently bought and sold shares of IWB. Mayport LLC acquired a new stake in iShares Russell 1000 ETF in the 4th quarter valued at about $878,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of iShares Russell 1000 ETF by 20.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,623 shares of the company’s stock valued at $5,087,000 after purchasing an additional 2,293 shares during the period. Whittier Trust Co. lifted its holdings in iShares Russell 1000 ETF by 2.1% in the 4th quarter. Whittier Trust Co. now owns 85,261 shares of the company’s stock valued at $32,352,000 after purchasing an additional 1,746 shares in the last quarter. Vista Capital Partners Inc. lifted its stake in shares of iShares Russell 1000 ETF by 149.0% during the fourth quarter. Vista Capital Partners Inc. now owns 6,026 shares of the company’s stock valued at $2,250,000 after buying an additional 3,606 shares during the period. Finally, TD Waterhouse Canada Inc. purchased a new stake in iShares Russell 1000 ETF during the fourth quarter worth approximately $1,344,000.

iShares Russell 1000 ETF Company Profile

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.