Old Port Advisors Invests $204,000 in iShares Russell 1000 ETF (NYSEARCA:IWB)

Old Port Advisors bought a new position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 707 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mascoma Wealth Management LLC bought a new stake in shares of iShares Russell 1000 ETF during the 4th quarter valued at about $25,000. LRI Investments LLC bought a new stake in shares of iShares Russell 1000 ETF in the 1st quarter valued at $27,000. Baystate Wealth Management LLC lifted its position in shares of iShares Russell 1000 ETF by 70.8% during 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 period. Robinson Capital Management LLC acquired a new position in shares of iShares Russell 1000 ETF during the 4th quarter valued at $33,000. Finally, JNBA Financial Advisors bought a new position in iShares Russell 1000 ETF during the first quarter worth $50,000.

iShares Russell 1000 ETF Stock Down 1.9 %

IWB traded down $5.79 during midday trading on Friday, hitting $291.74. The company had a trading volume of 953,366 shares, compared to its average volume of 797,198. iShares Russell 1000 ETF has a 52 week low of $224.41 and a 52 week high of $309.61. The company has a market capitalization of $35.81 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. The stock’s 50 day moving average price is $297.82 and its 200 day moving average price is $285.94.

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.