iShares Russell 3000 ETF (NYSEARCA:IWV) Sets New 12-Month High – Time to Buy?
by Danessa Lincoln · The Markets DailyiShares Russell 3000 ETF (NYSEARCA:IWV – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $392.24 and last traded at $392.2660, with a volume of 105639 shares changing hands. The stock had previously closed at $390.79.
iShares Russell 3000 ETF Trading Up 0.3%
The company has a market capitalization of $17.60 billion, a PE ratio of 25.11 and a beta of 1.02. The business has a fifty day moving average of $384.01 and a 200 day moving average of $369.99.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in IWV. Cloud Capital Management LLC purchased a new position in shares of iShares Russell 3000 ETF in the 3rd quarter valued at about $28,000. Proathlete Wealth Management LLC purchased a new position in shares of iShares Russell 3000 ETF during the second quarter worth about $27,000. Caldwell Trust Co acquired a new stake in shares of iShares Russell 3000 ETF during the second quarter worth about $34,000. Truvestments Capital LLC increased its position in iShares Russell 3000 ETF by 50.5% during the first quarter. Truvestments Capital LLC now owns 149 shares of the company’s stock worth $47,000 after buying an additional 50 shares during the period. Finally, Missouri Trust & Investment Co purchased a new stake in iShares Russell 3000 ETF in the third quarter valued at approximately $63,000.
About iShares Russell 3000 ETF
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.