Raymond James & Associates Boosts Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Raymond James & Associates raised its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 4.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 185,277 shares of the company’s stock after purchasing an additional 8,650 shares during the quarter. Raymond James & Associates’ holdings in iShares Russell 1000 ETF were worth $58,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fisher Asset Management LLC bought a new stake in iShares Russell 1000 ETF during the 4th quarter valued at about $346,000. AdvisorNet Financial Inc bought a new position in iShares Russell 1000 ETF in the first quarter worth approximately $954,000. First Financial Corp IN purchased a new position in iShares Russell 1000 ETF during the 1st quarter worth $1,324,000. Brookstone Capital Management raised its position in iShares Russell 1000 ETF by 6.6% during the 1st quarter. Brookstone Capital Management now owns 3,702 shares of the company’s stock valued at $1,066,000 after purchasing an additional 229 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in shares of iShares Russell 1000 ETF in the 1st quarter worth $208,000.

iShares Russell 1000 ETF Price Performance

IWB stock opened at $320.02 on Tuesday. iShares Russell 1000 ETF has a 1-year low of $224.41 and a 1-year high of $321.24. The business has a 50-day moving average price of $309.37 and a 200 day moving average price of $297.68. The company has a market capitalization of $39.28 billion, a P/E 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.