SB Capital Management Inc Takes Position in iShares Russell 1000 ETF $IWB

SB Capital Management Inc purchased a new position in iShares Russell 1000 ETF (NYSEARCA:IWB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,027 shares of the company’s stock, valued at approximately $2,251,000. iShares Russell 1000 ETF comprises 0.8% of SB Capital Management Inc’s portfolio, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its stake in shares of iShares Russell 1000 ETF by 14.9% during the 2nd quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after purchasing an additional 616,717 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of iShares Russell 1000 ETF by 12.4% during the 4th quarter. Focus Partners Wealth now owns 1,955,205 shares of the company’s stock valued at $730,139,000 after buying an additional 215,456 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares Russell 1000 ETF by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,342,895 shares of the company’s stock valued at $501,491,000 after buying an additional 21,540 shares in the last quarter. BOKF NA grew its stake in shares of iShares Russell 1000 ETF by 1.3% in the 4th 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 in the last quarter. Finally, Allstate Corp increased its holdings in iShares Russell 1000 ETF by 125.4% in the fourth quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock worth $402,632,000 after buying an additional 599,755 shares during the last quarter.

iShares Russell 1000 ETF Stock Performance

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

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.