iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 1-Year High – Still a Buy?

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $416.99 and last traded at $416.99, with a volume of 15696 shares traded. The stock had previously closed at $414.59.

iShares Russell 1000 ETF Trading Down 0.2%

The company’s 50-day simple moving average is $408.22 and its 200-day simple moving average is $389.45. The stock has a market capitalization of $49.78 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Accel Wealth Management acquired a new position in iShares Russell 1000 ETF during the 2nd quarter worth about $294,000. Financial Management Professionals Inc. raised its position in shares of iShares Russell 1000 ETF by 18.0% during the second quarter. Financial Management Professionals Inc. now owns 137,398 shares of the company’s stock worth $56,264,000 after acquiring an additional 20,974 shares during the last quarter. Wealthcare Capital Partners LLC lifted its stake in shares of iShares Russell 1000 ETF by 31.2% in the second quarter. Wealthcare Capital Partners LLC now owns 1,783 shares of the company’s stock worth $730,000 after acquiring an additional 424 shares during the period. Wealthcare Capital Management LLC lifted its stake in shares of iShares Russell 1000 ETF by 5.3% in the second quarter. Wealthcare Capital Management LLC now owns 4,774 shares of the company’s stock worth $1,955,000 after acquiring an additional 240 shares during the period. Finally, Corepath Wealth Partners LLC boosted its holdings in iShares Russell 1000 ETF by 2.1% in the second quarter. Corepath Wealth Partners LLC now owns 26,264 shares of the company’s stock valued at $10,722,000 after acquiring an additional 532 shares during the last quarter.

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.