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

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

iShares Russell 1000 ETF Stock Up 1.0%

The company’s 50-day simple moving average is $407.72 and its 200 day simple moving average is $388.85. The company has a market capitalization of $49.43 billion, a P/E ratio of 24.71 and a beta of 1.00.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its position in iShares Russell 1000 ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock worth $58,807,000 after purchasing an additional 6,006 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of iShares Russell 1000 ETF by 56.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock worth $486,000 after acquiring an additional 542 shares during the period. First Trust Advisors LP lifted its holdings in shares of iShares Russell 1000 ETF by 32.3% in the second quarter. First Trust Advisors LP now owns 1,307 shares of the company’s stock valued at $444,000 after purchasing an additional 319 shares in the last quarter. Jump Financial LLC acquired a new stake in iShares Russell 1000 ETF in the 2nd quarter valued at $2,403,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of iShares Russell 1000 ETF by 18.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,418 shares of the company’s stock worth $1,161,000 after buying an additional 535 shares during the last quarter.

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.