Cornerstone Wealth Group LLC Purchases Shares of 29,911 iShares Russell 1000 ETF (NYSEARCA:IWB)

Cornerstone Wealth Group LLC acquired a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,911 shares of the company’s stock, valued at approximately $8,615,000.

Other hedge funds have also made changes to their positions in the company. Mascoma Wealth Management LLC acquired a new position in iShares Russell 1000 ETF in the fourth quarter worth approximately $25,000. Baystate Wealth Management LLC grew 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. Robinson Capital Management LLC acquired a new position in iShares Russell 1000 ETF in the fourth quarter worth approximately $33,000. 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 buying an additional 104 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in iShares Russell 1000 ETF in the first quarter worth approximately $72,000.

iShares Russell 1000 ETF Price Performance

iShares Russell 1000 ETF stock traded down $1.15 during midday trading on Friday, reaching $297.54. The stock had a trading volume of 5,820,543 shares, compared to its average volume of 815,876. The firm’s fifty day simple moving average is $289.10 and its two-hundred day simple moving average is $278.88. iShares Russell 1000 ETF has a twelve month low of $224.41 and a twelve month high of $300.83. The firm has a market cap of $36.52 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01.

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.