iShares Russell 3000 ETF (NYSEARCA:IWV) Reaches New 52-Week High – Here’s Why

iShares Russell 3000 ETF (NYSEARCA:IWV)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $424.41 and last traded at $423.98, with a volume of 87490 shares. The stock had previously closed at $420.65.

iShares Russell 3000 ETF Price Performance

The business’s 50 day moving average is $393.84 and its 200-day moving average is $390.30. The company has a market cap of $19.61 billion, a PE ratio of 25.11 and a beta of 1.01.

Institutional Trading of iShares Russell 3000 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SCS Capital Management LLC raised its holdings in iShares Russell 3000 ETF by 0.4% during the fourth quarter. SCS Capital Management LLC now owns 1,874,800 shares of the company’s stock worth $725,266,000 after purchasing an additional 8,384 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in iShares Russell 3000 ETF by 6.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,529,115 shares of the company’s stock worth $591,538,000 after purchasing an additional 86,391 shares in the last quarter. Bank of America Corp DE raised its holdings in iShares Russell 3000 ETF by 11.4% during the first quarter. Bank of America Corp DE now owns 923,534 shares of the company’s stock worth $342,336,000 after purchasing an additional 94,283 shares in the last quarter. UNC Management Company Inc. raised its holdings in iShares Russell 3000 ETF by 0.3% during the second quarter. UNC Management Company Inc. now owns 578,635 shares of the company’s stock worth $203,101,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares Russell 3000 ETF by 16.0% during the second quarter. Ameriprise Financial Inc. now owns 450,539 shares of the company’s stock worth $158,217,000 after purchasing an additional 61,982 shares in the last quarter.

iShares Russell 3000 ETF Company Profile

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.