Paul R. Ried Financial Group LLC Purchases New Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Paul R. Ried Financial Group LLC bought a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) during the 4th quarter, Holdings Channel reports. The fund bought 5,784 shares of the company’s stock, valued at approximately $1,863,000. iShares Russell 1000 ETF makes up 1.3% of Paul R. Ried Financial Group LLC’s holdings, making the stock its 15th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC raised its position in shares of iShares Russell 1000 ETF by 239.3% during the third quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock worth $30,000 after purchasing an additional 67 shares during the period. Winch Advisory Services LLC bought a new position in iShares Russell 1000 ETF in the third quarter valued at approximately $30,000. Clarkston Capital Partners LLC bought a new position in iShares Russell 1000 ETF in the third quarter valued at approximately $32,000. Archer Investment Corp bought a new position in shares of iShares Russell 1000 ETF during the 3rd quarter worth approximately $37,000. Finally, Crews Bank & Trust bought a new position in shares of iShares Russell 1000 ETF during the 4th quarter worth approximately $37,000.

iShares Russell 1000 ETF Trading Down 0.7 %

Shares of NYSEARCA IWB opened at $329.86 on Tuesday. iShares Russell 1000 ETF has a 12 month low of $269.24 and a 12 month high of $336.61. The stock has a 50 day moving average of $329.23 and a 200-day moving average of $316.74. The company has a market capitalization of $40.49 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.