Corundum Group Inc. Grows Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Corundum Group Inc. grew its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 93.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,599 shares of the company’s stock after buying an additional 7,555 shares during the quarter. iShares Russell 1000 ETF accounts for 1.8% of Corundum Group Inc.’s holdings, making the stock its 16th largest holding. Corundum Group Inc.’s holdings in iShares Russell 1000 ETF were worth $4,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC purchased a new position in shares of iShares Russell 1000 ETF in the 1st quarter valued at $27,000. Robinson Capital Management LLC bought a new position in iShares Russell 1000 ETF in the fourth quarter worth about $33,000. JNBA Financial Advisors purchased a new stake in shares of iShares Russell 1000 ETF during the first quarter valued at about $50,000. Concourse Financial Group Securities Inc. boosted its holdings in shares of iShares Russell 1000 ETF by 164.0% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 198 shares of the company’s stock valued at $57,000 after buying an additional 123 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of iShares Russell 1000 ETF in the 1st quarter worth approximately $72,000.

iShares Russell 1000 ETF Stock Up 1.8 %

Shares of NYSEARCA IWB traded up $5.36 during trading hours on Thursday, hitting $303.25. 486,779 shares of the stock were exchanged, compared to its average volume of 800,845. The company has a market cap of $37.22 billion, a PE ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 12 month low of $224.41 and a 12 month high of $309.61. The firm has a fifty day moving average price of $298.17 and a 200-day moving average price of $287.44.

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.