Pineridge Advisors LLC Makes New Investment in iShares Russell 1000 ETF (NYSEARCA:IWB)

Pineridge Advisors LLC acquired a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 415 shares of the company’s stock, valued at approximately $109,000.

Several other hedge funds have also recently made changes to their positions in IWB. Jones Financial Companies Lllp boosted its holdings in iShares Russell 1000 ETF by 2.8% in the fourth quarter. Jones Financial Companies Lllp now owns 8,379,815 shares of the company’s stock valued at $2,197,690,000 after purchasing an additional 227,252 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell 1000 ETF by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,512,821 shares of the company’s stock worth $1,183,533,000 after buying an additional 146,971 shares during the last quarter. M&T Bank Corp raised its position in iShares Russell 1000 ETF by 1.1% during the fourth quarter. M&T Bank Corp now owns 2,954,718 shares of the company’s stock valued at $774,904,000 after acquiring an additional 31,595 shares in the last quarter. LPL Financial LLC boosted its position in iShares Russell 1000 ETF by 1.8% in the 3rd quarter. LPL Financial LLC now owns 2,249,921 shares of the company’s stock worth $528,529,000 after purchasing an additional 38,800 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of iShares Russell 1000 ETF by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,427,248 shares of the company’s stock worth $374,310,000 after purchasing an additional 30,635 shares during the period.

iShares Russell 1000 ETF Stock Performance

Shares of IWB traded up $0.07 during trading hours on Friday, hitting $295.75. The stock had a trading volume of 466,459 shares, compared to its average volume of 777,058. The firm has a 50-day moving average price of $285.43 and a 200 day moving average price of $275.67. iShares Russell 1000 ETF has a fifty-two week low of $224.41 and a fifty-two week high of $296.94. The firm has a market capitalization of $36.30 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01.

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.