iShares Russell 3000 ETF (NYSEARCA:IWV) Hits New 1-Year High – Here’s Why

iShares Russell 3000 ETF (NYSEARCA:IWV)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $427.43 and last traded at $426.40, with a volume of 39474 shares. The stock had previously closed at $425.61.

iShares Russell 3000 ETF Stock Performance

The business’s 50 day moving average is $397.40 and its 200 day moving average is $391.44. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell 3000 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in iShares Russell 3000 ETF by 11.4% in the 1st 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 during the period. Quantinno Capital Management LP boosted its stake in iShares Russell 3000 ETF by 5.9% in the 1st quarter. Quantinno Capital Management LP now owns 37,377 shares of the company’s stock worth $13,855,000 after purchasing an additional 2,070 shares during the period. Gateway Wealth Partners LLC boosted its stake in iShares Russell 3000 ETF by 154.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 1,398 shares of the company’s stock worth $519,000 after purchasing an additional 848 shares during the period. Matrix Private Capital Group LLC acquired a new position in iShares Russell 3000 ETF in the 1st quarter worth approximately $2,962,000. Finally, Punch & Associates Investment Management Inc. boosted its stake in iShares Russell 3000 ETF by 7.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 5,487 shares of the company’s stock worth $2,034,000 after purchasing an additional 394 shares during the period.

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.