Red Cedar Investment Management LLC Trims Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Red Cedar Investment Management LLC lessened its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 577,017 shares of the company’s stock after selling 13,852 shares during the period. iShares Russell 1000 ETF accounts for approximately 21.8% of Red Cedar Investment Management LLC’s holdings, making the stock its 2nd biggest position. Red Cedar Investment Management LLC owned 0.46% of iShares Russell 1000 ETF worth $151,329,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mascoma Wealth Management LLC bought a new stake in iShares Russell 1000 ETF in the fourth quarter worth $25,000. Cullen Frost Bankers Inc. bought a new position in shares of iShares Russell 1000 ETF in the 3rd quarter valued at about $28,000. Baystate Wealth Management LLC lifted its holdings in shares of iShares Russell 1000 ETF by 70.8% in the 4th quarter. Baystate Wealth Management LLC now owns 123 shares of the company’s stock valued at $32,000 after acquiring an additional 51 shares during the last quarter. Stonebridge Capital Advisors LLC grew its position in iShares Russell 1000 ETF by 113.0% in the third quarter. Stonebridge Capital Advisors LLC now owns 196 shares of the company’s stock worth $46,000 after acquiring an additional 104 shares in the last quarter. Finally, Eukles Asset Management increased its stake in iShares Russell 1000 ETF by 54.7% during the third quarter. Eukles Asset Management now owns 263 shares of the company’s stock worth $62,000 after acquiring an additional 93 shares during the last quarter.

iShares Russell 1000 ETF Stock Performance

IWB stock traded up $3.31 during midday trading on Friday, reaching $281.14. 459,439 shares of the company traded hands, compared to its average volume of 719,669. The firm has a market capitalization of $34.51 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 52-week low of $221.31 and a 52-week high of $288.75. The business has a 50 day moving average of $281.65 and a 200-day moving average of $264.88.

About iShares Russell 1000 ETF

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.