IWV Stock Summary and Trading Ideas (iShares Russell 3000 ETF | ARCA:IWV)

The iShares Russell 3000 Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the broad U.S. equity market as represented by the Russell 3000 Index.

iShares Russell 3000 ETF trades on the ARCA stock market under the symbol IWV.

As of May 9, 2024, IWV stock price climbed to $297.58 with 72,986 million shares trading.

IWV has a beta of 1.03, meaning it tends to be more sensitive to market movements. IWV has a correlation of 0.99 to the broad based SPY ETF.

IWV has a market cap of $13.57 billion. This is considered a Large Cap stock.

In the last 3 years, IWV stock traded as high as $300.72 and as low as $201.82.

IWV has underperformed the market in the last year with a price return of +27.4% while the SPY ETF gained +27.7%. IWV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.6% and +2.9%, respectively, while the SPY returned +4.7% and +2.9%, respectively.

IWV support price is $292.95 and resistance is $298.59 (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 IWV stock will trade within this expected range on the day.