McNamara Financial Services Inc. Has $2.49 Million Stock Holdings in iShares Russell 1000 ETF (NYSEARCA:IWB)

McNamara Financial Services Inc. grew its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 7,912 shares of the company’s stock after buying an additional 128 shares during the period. iShares Russell 1000 ETF makes up about 0.5% of McNamara Financial Services Inc.’s holdings, making the stock its 17th biggest holding. McNamara Financial Services Inc.’s holdings in iShares Russell 1000 ETF were worth $2,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IWB. LRI Investments LLC acquired a new position in iShares Russell 1000 ETF in the first quarter valued at about $27,000. Transcendent Capital Group LLC increased its stake in shares of iShares Russell 1000 ETF by 76.4% in the 2nd quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock valued at $29,000 after acquiring an additional 42 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of iShares Russell 1000 ETF by 176.7% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 119 shares of the company’s stock valued at $35,000 after acquiring an additional 76 shares during the period. Strategic Financial Concepts LLC bought a new position in iShares Russell 1000 ETF during the 2nd quarter worth approximately $54,000. Finally, Concourse Financial Group Securities Inc. boosted its stake in iShares Russell 1000 ETF by 164.0% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 198 shares of the company’s stock worth $57,000 after acquiring an additional 123 shares during the last quarter.

iShares Russell 1000 ETF Stock Performance

NYSEARCA:IWB traded up $2.22 during trading hours on Friday, hitting $317.85. The stock had a trading volume of 458,095 shares, compared to its average volume of 814,395. The business’s 50 day moving average is $305.56 and its 200-day moving average is $296.13. The company has a market cap of $39.02 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a one year low of $224.41 and a one year high of $318.19.

iShares Russell 1000 ETF 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.