Single Point Partners LLC Buys New Holdings in iShares Russell 1000 ETF (NYSEARCA:IWB)

Single Point Partners LLC bought a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 54,061 shares of the company’s stock, valued at approximately $17,416,000. iShares Russell 1000 ETF makes up approximately 4.0% of Single Point Partners LLC’s holdings, making the stock its 6th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC increased its holdings in iShares Russell 1000 ETF by 239.3% during the 3rd quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock worth $30,000 after purchasing an additional 67 shares in the last quarter. Winch Advisory Services LLC bought a new stake in iShares Russell 1000 ETF during the 3rd quarter worth approximately $30,000. Clarkston Capital Partners LLC bought a new stake in iShares Russell 1000 ETF during the 3rd quarter worth approximately $32,000. Archer Investment Corp bought a new stake in iShares Russell 1000 ETF during the 3rd quarter worth approximately $37,000. Finally, Crews Bank & Trust bought a new stake in iShares Russell 1000 ETF during the 4th quarter worth approximately $37,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $333.71 on Tuesday. The firm has a market capitalization of $40.96 billion, a P/E ratio of 24.68 and a beta of 1.01. The stock has a 50 day moving average price of $329.35 and a two-hundred day moving average price of $317.83. iShares Russell 1000 ETF has a 52 week low of $269.98 and a 52 week high of $336.61.

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.