Parsons Capital Management Inc. RI Increases Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Parsons Capital Management Inc. RI raised its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 7.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,783 shares of the company’s stock after purchasing an additional 710 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in iShares Russell 1000 ETF were worth $3,474,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of IWB. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in iShares Russell 1000 ETF by 398.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 996,000 shares of the company’s stock valued at $313,132,000 after acquiring an additional 796,000 shares during the period. International Assets Investment Management LLC lifted its stake in shares of iShares Russell 1000 ETF by 26,328.0% in the 3rd quarter. International Assets Investment Management LLC now owns 605,201 shares of the company’s stock worth $190,269,000 after purchasing an additional 602,911 shares during the period. Millennium Management LLC lifted its stake in shares of iShares Russell 1000 ETF by 4,016.4% in the 2nd quarter. Millennium Management LLC now owns 357,509 shares of the company’s stock worth $106,373,000 after purchasing an additional 348,824 shares during the period. Financial Advocates Investment Management bought a new position in shares of iShares Russell 1000 ETF in the 3rd quarter worth approximately $28,903,000. Finally, Argent Capital Management LLC bought a new position in shares of iShares Russell 1000 ETF in the 4th quarter worth approximately $27,324,000.

iShares Russell 1000 ETF Stock Down 1.9 %

Shares of NYSEARCA:IWB opened at $329.47 on Monday. The firm’s 50 day moving average price is $328.62 and its 200-day moving average price is $315.83. iShares Russell 1000 ETF has a twelve month low of $265.70 and a twelve month high of $336.61. The stock has a market capitalization of $40.44 billion, a PE ratio of 24.68 and a beta of 1.01.

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.