Steelhead Wealth Management LLC Invests $865,000 in iShares Russell 1000 ETF $IWB

Steelhead Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,428 shares of the company’s stock, valued at approximately $865,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of America Corp DE grew its position in iShares Russell 1000 ETF by 14.9% in the 2nd quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock valued at $1,619,105,000 after buying an additional 616,717 shares in the last quarter. Allstate Corp lifted its stake in shares of iShares Russell 1000 ETF by 125.4% in the 4th quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock worth $402,632,000 after acquiring an additional 599,755 shares during the period. Fifth Third Bancorp lifted its stake in shares of iShares Russell 1000 ETF by 145.7% in the 1st quarter. Fifth Third Bancorp now owns 849,980 shares of the company’s stock worth $303,069,000 after acquiring an additional 504,045 shares during the period. Millennium Management LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter worth approximately $169,963,000. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of iShares Russell 1000 ETF by 506.5% in the second quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock valued at $102,590,000 after acquiring an additional 252,307 shares in the last quarter.

iShares Russell 1000 ETF Price Performance

Shares of NYSEARCA:IWB opened at $408.38 on Monday. iShares Russell 1000 ETF has a 12 month low of $340.11 and a 12 month high of $415.11. The stock has a market cap of $48.21 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The stock’s 50 day moving average price is $407.56 and its 200 day moving average price is $388.61.

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.