Red Cedar Investment Management LLC Has $152.83 Million Position in iShares Russell 1000 ETF $IWB

Red Cedar Investment Management LLC lowered its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 409,248 shares of the company’s stock after selling 7,945 shares during the period. iShares Russell 1000 ETF makes up approximately 16.5% of Red Cedar Investment Management LLC’s holdings, making the stock its 2nd biggest holding. Red Cedar Investment Management LLC’s holdings in iShares Russell 1000 ETF were worth $152,830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of iShares Russell 1000 ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock worth $58,807,000 after acquiring an additional 6,006 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of iShares Russell 1000 ETF by 56.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock valued at $486,000 after purchasing an additional 542 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of iShares Russell 1000 ETF by 32.3% in the second quarter. First Trust Advisors LP now owns 1,307 shares of the company’s stock valued at $444,000 after purchasing an additional 319 shares in the last quarter. Jump Financial LLC bought a new position in iShares Russell 1000 ETF in the 2nd quarter worth approximately $2,403,000. Finally, Qube Research & Technologies Ltd raised its position in iShares Russell 1000 ETF by 18.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,418 shares of the company’s stock worth $1,161,000 after purchasing an additional 535 shares during the last quarter.

iShares Russell 1000 ETF Stock Performance

NYSEARCA:IWB opened at $403.11 on Wednesday. The company has a market cap of $47.43 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The stock’s fifty day moving average price is $391.77 and its two-hundred day moving average price is $379.79. iShares Russell 1000 ETF has a 52-week low of $325.31 and a 52-week high of $415.11.

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.