iShares Russell 1000 ETF (NYSEARCA:IWB) Sets New 12-Month High at $299.74

iShares Russell 1000 ETF (NYSEARCA:IWB)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $299.74 and last traded at $299.70, with a volume of 45367 shares changing hands. The stock had previously closed at $298.69.

iShares Russell 1000 ETF Stock Down 0.4 %

The firm has a market cap of $36.52 billion, a PE ratio of 24.68 and a beta of 1.01. The business has a 50 day simple moving average of $289.10 and a two-hundred day simple moving average of $278.88.

Hedge Funds Weigh In On iShares Russell 1000 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IWB. Mascoma Wealth Management LLC acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in iShares Russell 1000 ETF during the 1st quarter worth $27,000. Baystate Wealth Management LLC increased its position in iShares Russell 1000 ETF by 70.8% during the 4th quarter. Baystate Wealth Management LLC now owns 123 shares of the company’s stock valued at $32,000 after buying an additional 51 shares in the last quarter. Robinson Capital Management LLC purchased a new stake in iShares Russell 1000 ETF in the fourth quarter valued at about $33,000. Finally, Stonebridge Capital Advisors LLC increased its holdings in shares of iShares Russell 1000 ETF by 113.0% during the third quarter. Stonebridge Capital Advisors LLC now owns 196 shares of the company’s stock valued at $46,000 after acquiring an additional 104 shares in the last quarter.

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.