Daido Life Insurance Co. Has $229.53 Million Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Daido Life Insurance Co. reduced its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 31.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 771,438 shares of the company’s stock after selling 358,960 shares during the quarter. iShares Russell 1000 ETF comprises approximately 26.3% of Daido Life Insurance Co.’s holdings, making the stock its 2nd largest position. Daido Life Insurance Co.’s holdings in iShares Russell 1000 ETF were worth $229,534,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in iShares Russell 1000 ETF by 1.8% during the 4th quarter. International Assets Investment Management LLC now owns 2,290 shares of the company’s stock worth $601,000 after acquiring an additional 40 shares during the period. Fisher Asset Management LLC acquired a new position in iShares Russell 1000 ETF during the 4th quarter worth $381,000. Maryland State Retirement & Pension System boosted its position in iShares Russell 1000 ETF by 40.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 5,736 shares of the company’s stock worth $1,504,000 after acquiring an additional 1,642 shares during the period. Apollon Wealth Management LLC boosted its position in iShares Russell 1000 ETF by 17.6% during the 4th quarter. Apollon Wealth Management LLC now owns 1,955 shares of the company’s stock worth $513,000 after acquiring an additional 293 shares during the period. Finally, Reynders McVeigh Capital Management LLC boosted its position in iShares Russell 1000 ETF by 9.3% during the 4th quarter. Reynders McVeigh Capital Management LLC now owns 1,501 shares of the company’s stock worth $394,000 after acquiring an additional 128 shares during the period.

iShares Russell 1000 ETF Stock Performance

Shares of IWB stock opened at $300.90 on Friday. iShares Russell 1000 ETF has a 1 year low of $224.41 and a 1 year high of $309.61. The stock has a fifty day moving average of $300.91 and a two-hundred day moving average of $290.90. The firm has a market capitalization of $36.94 billion, a PE ratio of 24.68 and a beta of 1.01.

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.