Penobscot Wealth Management increased its position in iShares Russell 1000 ETF (NYSEARCA:IWB – Free Report) by 96.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,507 shares of the company’s stock after acquiring an additional 2,707 shares during the period. iShares Russell 1000 ETF comprises approximately 0.6% of Penobscot Wealth Management’s holdings, making the stock its 27th largest position. Penobscot Wealth Management’s holdings in iShares Russell 1000 ETF were worth $2,011,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cardinal Point Capital Management ULC increased its holdings in shares of iShares Russell 1000 ETF by 37.9% in the 1st quarter. Cardinal Point Capital Management ULC now owns 1,350 shares of the company’s stock worth $481,000 after purchasing an additional 371 shares in the last quarter. Breakwater Capital Group increased its holdings in iShares Russell 1000 ETF by 1.5% in the 1st quarter. Breakwater Capital Group now owns 18,954 shares of the company’s stock worth $6,758,000 after buying an additional 277 shares in the last quarter. Corundum Group Inc. increased its holdings in iShares Russell 1000 ETF by 21.9% in the 1st quarter. Corundum Group Inc. now owns 10,723 shares of the company’s stock worth $3,823,000 after buying an additional 1,925 shares in the last quarter. Blue Trust Inc. raised its position in iShares Russell 1000 ETF by 14.0% in the 1st quarter. Blue Trust Inc. now owns 1,441 shares of the company’s stock worth $514,000 after buying an additional 177 shares during the last quarter. Finally, Apella Capital LLC raised its position in iShares Russell 1000 ETF by 10.6% in the 1st quarter. Apella Capital LLC now owns 17,927 shares of the company’s stock worth $6,972,000 after buying an additional 1,718 shares during the last quarter.
iShares Russell 1000 ETF Stock Down 0.0%
Shares of iShares Russell 1000 ETF stock opened at $401.39 on Friday. The company has a market cap of $47.22 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The company’s 50 day moving average is $401.41 and its 200 day moving average is $382.71. iShares Russell 1000 ETF has a twelve month low of $334.22 and a twelve month 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.
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