MV Capital Management Inc. Invests $8.77 Million in iShares Russell 1000 ETF $IWB

MV Capital Management Inc. acquired a new position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,480 shares of the company’s stock, valued at approximately $8,768,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted 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 worth $1,619,105,000 after buying an additional 616,717 shares during the last quarter. Focus Partners Wealth grew its position in iShares Russell 1000 ETF by 12.4% in the 4th quarter. Focus Partners Wealth now owns 1,955,205 shares of the company’s stock worth $730,139,000 after purchasing an additional 215,456 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Russell 1000 ETF by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,342,895 shares of the company’s stock worth $501,491,000 after purchasing an additional 21,540 shares during the period. BOKF NA raised its position in shares of iShares Russell 1000 ETF by 1.3% during the fourth quarter. BOKF NA now owns 1,297,149 shares of the company’s stock valued at $484,407,000 after buying an additional 17,096 shares during the last quarter. Finally, Allstate Corp raised its position 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 buying an additional 599,755 shares during the last quarter.

iShares Russell 1000 ETF Stock Up 1.1%

IWB stock opened at $408.41 on Friday. iShares Russell 1000 ETF has a twelve month low of $325.31 and a twelve month high of $415.11. The company has a market cap of $48.05 billion, a PE ratio of 24.71 and a beta of 1.00. The business’s 50-day simple moving average is $398.45 and its 200 day simple moving average is $381.67.

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.