Riversedge Advisors LLC Makes New Investment in iShares Russell 1000 ETF $IWB

Riversedge Advisors LLC purchased a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,505 shares of the company’s stock, valued at approximately $626,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IWB. Bank of America Corp DE lifted its stake in shares of iShares Russell 1000 ETF by 4.9% in the 1st quarter. Bank of America Corp DE now owns 5,155,585 shares of the company’s stock valued at $1,838,275,000 after purchasing an additional 240,695 shares during the period. PNC Financial Services Group Inc. lifted its stake in iShares Russell 1000 ETF by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,329,545 shares of the company’s stock valued at $830,623,000 after buying an additional 32,054 shares during the period. Focus Partners Wealth boosted its holdings in shares of iShares Russell 1000 ETF by 12.4% during the 4th quarter. Focus Partners Wealth now owns 1,955,205 shares of the company’s stock worth $730,139,000 after buying an additional 215,456 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of iShares Russell 1000 ETF by 12.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,641,733 shares of the company’s stock valued at $585,376,000 after acquiring an additional 179,128 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in iShares Russell 1000 ETF by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,342,895 shares of the company’s stock worth $501,491,000 after acquiring an additional 21,540 shares in the last quarter.

iShares Russell 1000 ETF Stock Up 0.6%

NYSEARCA:IWB traded up $2.38 during trading hours on Friday, reaching $424.90. The company had a trading volume of 133,119 shares, compared to its average volume of 1,028,586. iShares Russell 1000 ETF has a twelve month low of $345.21 and a twelve month high of $427.04. The firm has a market cap of $49.48 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The business’s 50-day simple moving average is $419.68 and its two-hundred day simple moving average is $404.28.

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.