Red Tortoise LLC Boosts Stock Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Red Tortoise LLC lifted its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,579 shares of the company’s stock after purchasing an additional 67 shares during the quarter. iShares Russell 1000 ETF accounts for approximately 1.3% of Red Tortoise LLC’s investment portfolio, making the stock its 19th largest position. Red Tortoise LLC’s holdings in iShares Russell 1000 ETF were worth $2,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new position in shares of iShares Russell 1000 ETF in the fourth quarter valued at $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of iShares Russell 1000 ETF in the third quarter valued at $28,000. Patriot Investment Management Group Inc. purchased a new position in shares of iShares Russell 1000 ETF in the fourth quarter valued at $28,000. Robinson Capital Management LLC purchased a new position in shares of iShares Russell 1000 ETF in the first quarter valued at $31,000. Finally, Baystate Wealth Management LLC lifted its position in iShares Russell 1000 ETF by 70.8% in the fourth quarter. Baystate Wealth Management LLC now owns 123 shares of the company’s stock worth $32,000 after buying an additional 51 shares during the last quarter.

iShares Russell 1000 ETF Stock Down 0.6 %

IWB traded down $1.59 during trading on Wednesday, reaching $275.10. The company had a trading volume of 787,191 shares, compared to its average volume of 741,954. The stock has a market cap of $33.88 billion, a P/E ratio of 25.11 and a beta of 1.01. The business has a 50 day simple moving average of $281.24 and a 200-day simple moving average of $261.57. iShares Russell 1000 ETF has a 52 week low of $221.31 and a 52 week high of $288.75.

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.