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

Shares of iShares Russell 1000 ETF (NYSEARCA:IWB) hit a new 52-week high during trading on Friday . The stock traded as high as $408.44 and last traded at $408.08, with a volume of 288882 shares changing hands. The stock had previously closed at $404.95.

iShares Russell 1000 ETF Price Performance

The company has a fifty day moving average of $379.81 and a 200 day moving average of $376.30. The firm has a market capitalization of $47.84 billion, a P/E ratio of 24.71 and a beta of 1.00.

Institutional Trading of iShares Russell 1000 ETF

Several institutional investors have recently added to or reduced their stakes in the stock. REAP Financial Group LLC bought a new position in shares of iShares Russell 1000 ETF during the 4th quarter worth approximately $28,000. Sound Income Strategies LLC bought a new position in shares of iShares Russell 1000 ETF during the 1st quarter worth approximately $28,000. First Command Advisory Services Inc. bought a new position in shares of iShares Russell 1000 ETF during the 3rd quarter worth approximately $31,000. Advocate Investing Services LLC bought a new position in shares of iShares Russell 1000 ETF during the 4th quarter worth approximately $31,000. Finally, True Wealth Design LLC bought a new position in shares of iShares Russell 1000 ETF during the 4th quarter worth approximately $32,000.

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.