iShares Russell 1000 ETF (NYSEARCA:IWB) Hits New 12-Month High – Should You Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB) hit a new 52-week high during trading on Monday . The stock traded as high as $381.21 and last traded at $381.3060, with a volume of 918234 shares traded. The stock had previously closed at $380.58.

iShares Russell 1000 ETF Stock Up 0.2%

The firm has a market cap of $47.08 billion, a P/E ratio of 24.71 and a beta of 1.01. The stock’s 50-day moving average is $372.50 and its 200-day moving average is $361.63.

Institutional Investors Weigh In On iShares Russell 1000 ETF

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in shares of iShares Russell 1000 ETF by 3.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 11,256,502 shares of the company’s stock worth $4,092,759,000 after acquiring an additional 427,736 shares during the period. Bank of America Corp DE lifted its stake in iShares Russell 1000 ETF by 14.9% during the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after purchasing an additional 616,717 shares during the period. M&T Bank Corp boosted its holdings in iShares Russell 1000 ETF by 4.0% during the second quarter. M&T Bank Corp now owns 2,923,970 shares of the company’s stock valued at $992,892,000 after purchasing an additional 112,152 shares in the last quarter. Focus Partners Wealth grew its stake in shares of iShares Russell 1000 ETF by 86.1% in the 3rd quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock valued at $635,852,000 after purchasing an additional 805,083 shares during the period. Finally, Johnson Investment Counsel Inc. grew its stake in shares of iShares Russell 1000 ETF by 1.5% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 1,426,322 shares of the company’s stock valued at $521,292,000 after purchasing an additional 21,288 shares during the period.

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.