Penobscot Wealth Management Has $414,000 Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Penobscot Wealth Management grew its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 72.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,317 shares of the company’s stock after purchasing an additional 552 shares during the quarter. Penobscot Wealth Management’s holdings in iShares Russell 1000 ETF were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stephens Inc. AR lifted its stake in shares of iShares Russell 1000 ETF by 0.9% in the 3rd quarter. Stephens Inc. AR now owns 74,998 shares of the company’s stock valued at $23,579,000 after purchasing an additional 657 shares during the period. Financial Advocates Investment Management acquired a new position in shares of iShares Russell 1000 ETF in the 3rd quarter valued at about $28,903,000. WestEnd Advisors LLC lifted its stake in shares of iShares Russell 1000 ETF by 30.6% in the 3rd quarter. WestEnd Advisors LLC now owns 781 shares of the company’s stock valued at $246,000 after purchasing an additional 183 shares during the period. Golden State Equity Partners lifted its stake in shares of iShares Russell 1000 ETF by 3.0% in the 3rd quarter. Golden State Equity Partners now owns 1,625 shares of the company’s stock valued at $511,000 after purchasing an additional 48 shares during the period. Finally, AMI Asset Management Corp acquired a new position in iShares Russell 1000 ETF during the 3rd quarter worth approximately $455,000.

iShares Russell 1000 ETF Stock Performance

IWB stock opened at $312.24 on Friday. The stock’s 50 day simple moving average is $311.66 and its 200 day simple moving average is $299.33. iShares Russell 1000 ETF has a fifty-two week low of $227.11 and a fifty-two week high of $321.24. The company has a market cap of $38.33 billion, a P/E ratio of 24.68 and a beta of 1.01.

iShares Russell 1000 ETF Company 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.