iShares Russell 1000 ETF (NYSEARCA:IWB) Sees Large Volume Increase

iShares Russell 1000 ETF (NYSEARCA:IWB) shares saw an uptick in trading volume on Tuesday . 596,615 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 710,526 shares.The stock last traded at $279.77 and had previously closed at $280.52.

iShares Russell 1000 ETF Price Performance

The stock has a market cap of $34.18 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. The business’s fifty day simple moving average is $281.57 and its 200 day simple moving average is $264.15.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Several institutional investors have recently modified their holdings of the company. Capital Advisors Wealth Management LLC lifted its holdings in iShares Russell 1000 ETF by 1.8% in the first quarter. Capital Advisors Wealth Management LLC now owns 2,041 shares of the company’s stock worth $588,000 after purchasing an additional 36 shares during the period. International Assets Investment Management LLC lifted its holdings in iShares Russell 1000 ETF by 1.8% in the fourth quarter. International Assets Investment Management LLC now owns 2,290 shares of the company’s stock worth $601,000 after purchasing an additional 40 shares during the period. MONECO Advisors LLC lifted its holdings in iShares Russell 1000 ETF by 1.9% in the fourth quarter. MONECO Advisors LLC now owns 2,160 shares of the company’s stock worth $566,000 after purchasing an additional 41 shares during the period. Mycio Wealth Partners LLC lifted its holdings in iShares Russell 1000 ETF by 0.6% in the fourth quarter. Mycio Wealth Partners LLC now owns 7,496 shares of the company’s stock worth $1,966,000 after purchasing an additional 42 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its holdings in iShares Russell 1000 ETF by 1.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,185 shares of the company’s stock worth $835,000 after purchasing an additional 43 shares during the period.

iShares Russell 1000 ETF Company Profile

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.