iShares Russell 3000 ETF (NYSEARCA:IWV) Sets New 52-Week High – Time to Buy?

iShares Russell 3000 ETF (NYSEARCA:IWV) hit a new 52-week high on Tuesday . The company traded as high as $396.26 and last traded at $395.8390, with a volume of 25431 shares. The stock had previously closed at $394.71.

iShares Russell 3000 ETF Stock Performance

The stock has a market cap of $18.66 billion, a price-to-earnings ratio of 25.11 and a beta of 1.02. The business has a 50-day simple moving average of $388.14 and a two-hundred day simple moving average of $377.65.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Cloud Capital Management LLC acquired a new stake in shares of iShares Russell 3000 ETF in the 3rd quarter valued at approximately $28,000. Caldwell Trust Co bought a new position in shares of iShares Russell 3000 ETF in the 2nd quarter valued at about $34,000. Lodestone Wealth Management LLC acquired a new position in shares of iShares Russell 3000 ETF during the 4th quarter worth about $64,000. Missouri Trust & Investment Co bought a new stake in shares of iShares Russell 3000 ETF in the 3rd quarter valued at about $63,000. Finally, Beacon Capital Management LLC lifted its stake in iShares Russell 3000 ETF by 96.6% in the 2nd quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $62,000 after purchasing an additional 86 shares during the last quarter.

About iShares Russell 3000 ETF

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.