Concord Investment Counsel Inc. Invests $1.84 Million in iShares Russell 1000 ETF (NYSEARCA:IWB)

Concord Investment Counsel Inc. acquired a new position in iShares Russell 1000 ETF (NYSEARCA:IWB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,394 shares of the company’s stock, valued at approximately $1,842,000. iShares Russell 1000 ETF makes up 0.7% of Concord Investment Counsel Inc.’s investment portfolio, making the stock its 28th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of IWB. Waterloo Capital L.P. bought a new position in iShares Russell 1000 ETF in the 4th quarter worth $4,471,000. Truist Financial Corp boosted its holdings in iShares Russell 1000 ETF by 16.7% in the 4th quarter. Truist Financial Corp now owns 474,134 shares of the company’s stock worth $124,347,000 after buying an additional 67,861 shares during the period. Envestnet Asset Management Inc. boosted its holdings in iShares Russell 1000 ETF by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,512,821 shares of the company’s stock worth $1,183,533,000 after buying an additional 146,971 shares during the period. Advance Capital Management Inc. boosted its holdings in iShares Russell 1000 ETF by 3.8% in the 4th quarter. Advance Capital Management Inc. now owns 35,540 shares of the company’s stock worth $9,321,000 after buying an additional 1,285 shares during the period. Finally, Arbor Wealth Advisors LLC bought a new position in iShares Russell 1000 ETF in the 4th quarter worth $442,000.

iShares Russell 1000 ETF Trading Up 1.1 %

iShares Russell 1000 ETF stock traded up $3.41 during mid-day trading on Friday, hitting $307.82. The stock had a trading volume of 371,222 shares, compared to its average volume of 797,838. The firm has a market capitalization of $37.78 billion, a P/E ratio of 24.68 and a beta of 1.01. The firm’s 50 day moving average is $293.60 and its 200 day moving average is $281.37. iShares Russell 1000 ETF has a one year low of $224.41 and a one year high of $307.86.

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.