Cornerstone Financial Management LLC Buys New Position in iShares Russell 1000 ETF $IWB

Cornerstone Financial Management LLC bought a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,789 shares of the company’s stock, valued at approximately $1,042,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IWB. Focus Partners Wealth raised its holdings in shares of iShares Russell 1000 ETF by 86.1% during the third quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock valued at $635,852,000 after acquiring an additional 805,083 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of iShares Russell 1000 ETF by 14.9% during the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock valued at $1,619,105,000 after acquiring an additional 616,717 shares in the last quarter. Allstate Corp raised its holdings in shares of iShares Russell 1000 ETF by 125.4% during the fourth quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock valued at $402,632,000 after acquiring an additional 599,755 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $133,604,000. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of iShares Russell 1000 ETF by 506.5% during the second quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock valued at $102,590,000 after acquiring an additional 252,307 shares in the last quarter.

iShares Russell 1000 ETF Stock Up 0.5%

Shares of iShares Russell 1000 ETF stock opened at $405.61 on Friday. The company has a market cap of $47.72 billion, a PE ratio of 24.71 and a beta of 1.00. The business has a 50 day moving average of $394.63 and a 200 day moving average of $380.55. iShares Russell 1000 ETF has a 52 week low of $325.31 and a 52 week high of $415.11.

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.