iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 52-Week High – Time to Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s share price reached a new 52-week high on Monday . The company traded as high as $331.93 and last traded at $331.92, with a volume of 55361 shares changing hands. The stock had previously closed at $328.90.

iShares Russell 1000 ETF Stock Up 0.4 %

The stock has a market cap of $40.53 billion, a PE ratio of 24.68 and a beta of 1.01. The firm has a 50-day simple moving average of $318.08 and a 200-day simple moving average of $304.86.

Institutional Investors Weigh In On iShares Russell 1000 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IWB. Sound Income Strategies LLC grew its holdings in shares of iShares Russell 1000 ETF by 239.3% during the 3rd quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock valued at $30,000 after purchasing an additional 67 shares during the last quarter. LRI Investments LLC purchased a new stake in iShares Russell 1000 ETF during the first quarter valued at about $27,000. Winch Advisory Services LLC bought a new position in shares of iShares Russell 1000 ETF during the third quarter valued at about $30,000. Transcendent Capital Group LLC increased its holdings in shares of iShares Russell 1000 ETF by 76.4% in the second quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock worth $29,000 after buying an additional 42 shares during the period. Finally, Clarkston Capital Partners LLC bought a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter valued at about $32,000.

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.