Strategic Financial Concepts LLC Invests $10.49 Million in iShares Russell 1000 ETF (NYSEARCA:IWB)

Strategic Financial Concepts LLC acquired a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) during the 4th quarter, Holdings Channel.com reports. The firm acquired 32,568 shares of the company’s stock, valued at approximately $10,492,000.

Several other hedge funds have also recently bought and sold shares of the company. Etesian Wealth Advisors Inc. boosted its position in iShares Russell 1000 ETF by 32.0% in the 3rd quarter. Etesian Wealth Advisors Inc. now owns 1,241 shares of the company’s stock valued at $390,000 after buying an additional 301 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at $51,000. First Citizens Bank & Trust Co. boosted its holdings in iShares Russell 1000 ETF by 125.2% in the third quarter. First Citizens Bank & Trust Co. now owns 11,686 shares of the company’s stock valued at $3,674,000 after purchasing an additional 6,497 shares during the period. Windsor Capital Management LLC grew its stake in iShares Russell 1000 ETF by 5.9% during the 4th quarter. Windsor Capital Management LLC now owns 699 shares of the company’s stock worth $225,000 after purchasing an additional 39 shares in the last quarter. Finally, Broadview Financial Management LLC increased its holdings in iShares Russell 1000 ETF by 18.6% during the 3rd quarter. Broadview Financial Management LLC now owns 8,391 shares of the company’s stock worth $2,638,000 after purchasing an additional 1,314 shares during the period.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $336.03 on Friday. iShares Russell 1000 ETF has a 1 year low of $271.54 and a 1 year high of $336.69. The stock has a market capitalization of $41.25 billion, a PE ratio of 24.68 and a beta of 1.01. The stock has a 50-day simple moving average of $329.33 and a 200-day simple moving average of $318.82.

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.