CIBC Bancorp USA Inc. Acquires Shares of 365,557 iShares Russell 1000 ETF $IWB

CIBC Bancorp USA Inc. acquired a new position in iShares Russell 1000 ETF (NYSEARCA:IWB) in the 3rd quarter, Holdings Channel reports. The firm acquired 365,557 shares of the company’s stock, valued at approximately $133,604,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Focus Partners Wealth boosted its stake in shares of iShares Russell 1000 ETF by 86.1% during the 3rd quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock valued at $635,852,000 after purchasing an additional 805,083 shares in the last quarter. Bank of America Corp DE raised its stake in iShares Russell 1000 ETF by 14.9% in the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after buying an additional 616,717 shares in the last quarter. Allstate Corp raised its stake in iShares Russell 1000 ETF by 1,077.8% in the third quarter. Allstate Corp now owns 478,415 shares of the company’s stock worth $174,851,000 after buying an additional 437,794 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in iShares Russell 1000 ETF by 3.9% in the third quarter. Jones Financial Companies Lllp now owns 11,256,502 shares of the company’s stock worth $4,092,759,000 after buying an additional 427,736 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its holdings in iShares Russell 1000 ETF by 506.5% in the second quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock worth $102,590,000 after buying an additional 252,307 shares during the period.

iShares Russell 1000 ETF Stock Performance

iShares Russell 1000 ETF stock opened at $366.49 on Wednesday. iShares Russell 1000 ETF has a fifty-two week low of $264.17 and a fifty-two week high of $382.34. The stock’s 50 day simple moving average is $375.85 and its two-hundred day simple moving average is $371.04. The stock has a market cap of $45.24 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01.

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.