MV Capital Management Inc. Makes New Investment in iShares Russell 1000 ETF $IWB

MV Capital Management Inc. acquired a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 23,480 shares of the company’s stock, valued at approximately $8,768,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IWB. REAP Financial Group LLC acquired a new stake in iShares Russell 1000 ETF during the fourth quarter valued at approximately $28,000. Advocate Investing Services LLC bought a new position in shares of iShares Russell 1000 ETF during the 4th quarter worth approximately $31,000. True Wealth Design LLC acquired a new stake in iShares Russell 1000 ETF in the 4th quarter valued at $32,000. Optima Capital LLC acquired a new stake in iShares Russell 1000 ETF in the 4th quarter valued at $32,000. Finally, Allspring Global Investments Holdings LLC grew its position in iShares Russell 1000 ETF by 78.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 116 shares of the company’s stock valued at $43,000 after acquiring an additional 51 shares during the period.

iShares Russell 1000 ETF Stock Performance

Shares of NYSEARCA IWB opened at $408.41 on Friday. The stock has a market cap of $48.05 billion, a PE ratio of 24.71 and a beta of 1.00. The business has a fifty day moving average of $398.45 and a two-hundred day moving average of $381.67. 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.