iShares Russell 1000 ETF (NYSEARCA:IWB) is Red Cedar Investment Management LLC’s 2nd Largest Position

Red Cedar Investment Management LLC decreased its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 527,447 shares of the company’s stock after selling 3,369 shares during the period. iShares Russell 1000 ETF makes up 21.0% of Red Cedar Investment Management LLC’s portfolio, making the stock its 2nd largest holding. Red Cedar Investment Management LLC’s holdings in iShares Russell 1000 ETF were worth $165,824,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Trust Direct Indexing L.P. increased its position in shares of iShares Russell 1000 ETF by 83.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 1,727 shares of the company’s stock valued at $497,000 after purchasing an additional 788 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of iShares Russell 1000 ETF during the 1st quarter valued at approximately $414,000. Concourse Financial Group Securities Inc. grew its stake in shares of iShares Russell 1000 ETF by 164.0% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 198 shares of the company’s stock valued at $57,000 after acquiring an additional 123 shares during the period. BNP Paribas Financial Markets grew its stake in shares of iShares Russell 1000 ETF by 51.0% during the 1st quarter. BNP Paribas Financial Markets now owns 15,601 shares of the company’s stock valued at $4,494,000 after acquiring an additional 5,272 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of iShares Russell 1000 ETF by 20.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 35,241 shares of the company’s stock valued at $10,151,000 after acquiring an additional 5,895 shares during the period.

iShares Russell 1000 ETF Price Performance

Shares of NYSEARCA:IWB traded up $0.63 during mid-day trading on Monday, reaching $314.14. 77,404 shares of the company traded hands, compared to its average volume of 793,156. iShares Russell 1000 ETF has a 52 week low of $237.52 and a 52 week high of $321.24. The firm has a market cap of $38.56 billion, a PE ratio of 24.68 and a beta of 1.01. The company’s 50 day moving average price is $311.77 and its 200-day moving average price is $299.92.

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.