iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 1-Year High – What’s Next?

iShares Russell 1000 ETF (NYSEARCA:IWB) shares reached a new 52-week high on Friday . The stock traded as high as $372.07 and last traded at $372.15, with a volume of 79864 shares. The stock had previously closed at $368.61.

iShares Russell 1000 ETF Price Performance

The company’s fifty day simple moving average is $361.29 and its two-hundred day simple moving average is $338.84. The stock has a market cap of $44.29 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01.

Institutional Trading of iShares Russell 1000 ETF

Several institutional investors and hedge funds have recently made changes to their positions in IWB. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Russell 1000 ETF in the second quarter valued at about $412,262,000. Bank of America Corp DE raised its holdings in shares of iShares Russell 1000 ETF by 14.9% in the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock valued at $1,619,105,000 after purchasing an additional 616,717 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of iShares Russell 1000 ETF by 5.1% in the first quarter. Jones Financial Companies Lllp now owns 10,240,732 shares of the company’s stock valued at $3,123,735,000 after purchasing an additional 499,981 shares during the last quarter. Halbert Hargrove Global Advisors LLC grew its position in iShares Russell 1000 ETF by 2,783.3% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 466,465 shares of the company’s stock valued at $158,398,000 after buying an additional 450,287 shares during the period. Finally, Allstate Corp bought a new position in iShares Russell 1000 ETF during the first quarter valued at about $105,102,000.

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.