iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 12-Month High at $298.78

iShares Russell 1000 ETF (NYSEARCA:IWBGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $298.78 and last traded at $298.36, with a volume of 456205 shares trading hands. The stock had previously closed at $297.94.

iShares Russell 1000 ETF Stock Performance

The stock has a market cap of $36.54 billion, a PE ratio of 24.68 and a beta of 1.01. The company has a 50 day moving average of $286.24 and a two-hundred day moving average of $276.67.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IWB. Pathstone Holdings LLC acquired a new position in iShares Russell 1000 ETF in the fourth quarter valued at about $303,994,000. Comerica Bank purchased a new position in shares of iShares Russell 1000 ETF during the 3rd quarter worth approximately $168,447,000. International Assets Investment Management LLC increased its holdings in iShares Russell 1000 ETF by 26,592.2% in the 4th quarter. International Assets Investment Management LLC now owns 600,575 shares of the company’s stock valued at $157,507,000 after purchasing an additional 598,325 shares during the last quarter. Jones Financial Companies Lllp raised its position in iShares Russell 1000 ETF by 2.8% in the fourth quarter. Jones Financial Companies Lllp now owns 8,379,815 shares of the company’s stock valued at $2,197,690,000 after purchasing an additional 227,252 shares during the period. Finally, Winthrop Advisory Group LLC lifted its stake in iShares Russell 1000 ETF by 392.0% during the first quarter. Winthrop Advisory Group LLC now owns 254,787 shares of the company’s stock worth $73,386,000 after purchasing an additional 203,000 shares in the last quarter.

About iShares Russell 1000 ETF

(Get Free Report)

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.

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