iShares Russell 3000 ETF (NYSEARCA:IWV) Sets New 1-Year High – Still a Buy?

iShares Russell 3000 ETF (NYSEARCA:IWV) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $336.66 and last traded at $336.66, with a volume of 114 shares traded. The stock had previously closed at $329.14.

iShares Russell 3000 ETF Price Performance

The firm has a market cap of $15.49 billion, a PE ratio of 24.59 and a beta of 1.03. The company’s 50 day moving average price is $324.22 and its 200 day moving average price is $312.26.

Institutional Trading of iShares Russell 3000 ETF

Several hedge funds have recently modified their holdings of IWV. Norden Group LLC purchased a new stake in iShares Russell 3000 ETF during the 1st quarter worth about $606,000. Advisory Services Network LLC lifted its position in shares of iShares Russell 3000 ETF by 5.1% during the 1st quarter. Advisory Services Network LLC now owns 10,888 shares of the company’s stock worth $3,267,000 after purchasing an additional 530 shares during the last quarter. Motive Wealth Advisors acquired a new position in shares of iShares Russell 3000 ETF during the first quarter worth $1,364,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in iShares Russell 3000 ETF by 35.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,543 shares of the company’s stock valued at $463,000 after buying an additional 400 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in iShares Russell 3000 ETF in the first quarter valued at $320,000.

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).