Procyon Advisors LLC Buys 29,157 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Procyon Advisors LLC raised its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 614.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,903 shares of the company’s stock after acquiring an additional 29,157 shares during the quarter. iShares Russell 1000 ETF makes up approximately 0.8% of Procyon Advisors LLC’s holdings, making the stock its 28th largest position. Procyon Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $8,891,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IWB. Cullen Frost Bankers Inc. purchased a new stake in iShares Russell 1000 ETF in the third quarter worth $28,000. Patriot Investment Management Group Inc. bought a new position in shares of iShares Russell 1000 ETF in the 4th quarter worth about $28,000. Robinson Capital Management LLC purchased a new stake in iShares Russell 1000 ETF in the first quarter worth about $31,000. City Holding Co. purchased a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter worth approximately $34,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of iShares Russell 1000 ETF in the third quarter worth $34,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB traded up $0.24 during trading hours on Thursday, hitting $288.34. The company had a trading volume of 31,721 shares, compared to its average volume of 745,879. The stock has a market capitalization of $36.50 billion, a price-to-earnings ratio of 17.92 and a beta of 1.01. The firm has a fifty day moving average price of $276.21 and a 200-day moving average price of $256.98. iShares Russell 1000 ETF has a 52-week low of $219.10 and a 52-week high of $288.40.

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.