Fiduciary Financial Group LLC Purchases New Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Fiduciary Financial Group LLC purchased a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 8,464 shares of the company’s stock, valued at approximately $2,619,000.

Several other hedge funds have also added to or reduced their stakes in IWB. Pathstone Holdings LLC acquired a new position in iShares Russell 1000 ETF in the fourth quarter valued at about $303,994,000. Jones Financial Companies Lllp lifted its stake in iShares Russell 1000 ETF by 2.8% in the fourth quarter. Jones Financial Companies Lllp now owns 8,379,815 shares of the company’s stock valued at $2,197,690,000 after buying an additional 227,252 shares during the period. Winthrop Advisory Group LLC lifted its stake in iShares Russell 1000 ETF by 392.0% in the first quarter. Winthrop Advisory Group LLC now owns 254,787 shares of the company’s stock valued at $73,386,000 after buying an additional 203,000 shares during the period. Cetera Investment Advisers raised its position in shares of iShares Russell 1000 ETF by 198.8% during the first quarter. Cetera Investment Advisers now owns 272,822 shares of the company’s stock worth $78,581,000 after purchasing an additional 181,531 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares Russell 1000 ETF by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,512,821 shares of the company’s stock worth $1,183,533,000 after purchasing an additional 146,971 shares during the period.

iShares Russell 1000 ETF Trading Up 0.1 %

Shares of NYSEARCA IWB traded up $0.28 during mid-day trading on Friday, reaching $303.53. 415,238 shares of the company’s stock were exchanged, compared to its average volume of 798,407. The firm has a market capitalization of $37.26 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. The business has a fifty day simple moving average of $298.17 and a 200 day simple moving average of $287.44. iShares Russell 1000 ETF has a twelve month low of $224.41 and a twelve month high of $309.61.

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.