iShares Russell 1000 ETF (NYSEARCA:IWB) Reaches New 12-Month High – What’s Next?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $381.73 and last traded at $381.3120, with a volume of 235216 shares trading hands. The stock had previously closed at $379.77.

iShares Russell 1000 ETF Price Performance

The firm has a market capitalization of $46.75 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. The company’s 50-day moving average is $375.56 and its 200-day moving average is $365.02.

Hedge Funds Weigh In On iShares Russell 1000 ETF

A number of large investors have recently modified their holdings of IWB. Brighton Jones LLC grew its position in iShares Russell 1000 ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock valued at $58,807,000 after acquiring an additional 6,006 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in iShares Russell 1000 ETF by 56.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock worth $486,000 after buying an additional 542 shares during the last quarter. Greenleaf Trust lifted its holdings in iShares Russell 1000 ETF by 1.0% during the 2nd quarter. Greenleaf Trust now owns 2,969 shares of the company’s stock worth $1,008,000 after buying an additional 30 shares during the last quarter. Truist Financial Corp grew its position in shares of iShares Russell 1000 ETF by 1.7% in the 2nd quarter. Truist Financial Corp now owns 418,739 shares of the company’s stock worth $142,191,000 after acquiring an additional 6,901 shares in the last quarter. Finally, Consolidated Portfolio Review Corp bought a new stake in shares of iShares Russell 1000 ETF in the 2nd quarter valued at approximately $204,000.

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.