iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 52-Week High – Still a Buy?
by Tristan Rich · The Markets DailyiShares Russell 1000 ETF (NYSEARCA:IWB – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $390.73 and last traded at $390.34, with a volume of 274817 shares traded. The stock had previously closed at $387.93.
iShares Russell 1000 ETF Trading Up 0.7%
The stock has a market capitalization of $46.53 billion, a P/E ratio of 24.71 and a beta of 1.01. The firm’s fifty day moving average is $370.37 and its 200-day moving average is $372.18.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Rede Wealth LLC bought a new position in iShares Russell 1000 ETF in the 3rd quarter valued at $2,475,000. First Horizon Corp acquired a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at $2,240,000. Belpointe Asset Management LLC increased its stake in shares of iShares Russell 1000 ETF by 109.2% in the third quarter. Belpointe Asset Management LLC now owns 10,904 shares of the company’s stock valued at $3,985,000 after buying an additional 5,692 shares in the last quarter. Calamos Wealth Management LLC raised its holdings in shares of iShares Russell 1000 ETF by 16.5% in the third quarter. Calamos Wealth Management LLC now owns 10,400 shares of the company’s stock valued at $3,801,000 after buying an additional 1,474 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of iShares Russell 1000 ETF by 1.1% in the third quarter. Cerity Partners LLC now owns 757,510 shares of the company’s stock valued at $276,854,000 after buying an additional 8,149 shares during the last quarter.
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.