IWB Stock Summary and Trading Ideas (iShares Russell 1000 ETF | ARCA:IWB)

The iShares Russell 1000 Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the large capitalization sector of the U.S. equity market as represented by the Russell 1000 Index. The index represents the approximately 1000 largest companies in the Russell 3000 Index.

iShares Russell 1000 ETF trades on the ARCA stock market under the symbol IWB.

As of April 19, 2024, IWB stock price declined to $273.97 with 120,658 million shares trading.

IWB has a beta of 1.03, meaning it tends to be more sensitive to market movements. IWB has a correlation of 1.00 to the broad based SPY ETF.

IWB has a market cap of $33.64 billion. This is considered a Large Cap stock.

In the last 3 years, IWB stock traded as high as $288.75 and as low as $192.01.

IWB has outperformed the market in the last year with a return of +22.0%, while the SPY ETF gained +21.9%. However, in the most recent history, IWB shares have underperformed the stock market with its stock returning +4.8% in the last 3 month period and -3.0% for the last 2 week period, while SPY has returned +4.9% and -2.9%, respectively.

IWB support price is $272.23 and resistance is $276.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IWB stock will trade within this expected range on the day.