Archer Investment Corp Makes New Investment in iShares Russell 1000 ETF (NYSEARCA:IWB)

Archer Investment Corp purchased a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 117 shares of the company’s stock, valued at approximately $37,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in shares of iShares Russell 1000 ETF in the 1st quarter worth approximately $204,000. Vanguard Group Inc. lifted its holdings in shares of iShares Russell 1000 ETF by 3.8% during the first quarter. Vanguard Group Inc. now owns 9,705 shares of the company’s stock valued at $2,795,000 after purchasing an additional 353 shares during the last quarter. Hirtle Callaghan & Co LLC boosted its holdings in iShares Russell 1000 ETF by 1.0% in the first quarter. Hirtle Callaghan & Co LLC now owns 18,160 shares of the company’s stock worth $5,231,000 after acquiring an additional 180 shares in the last quarter. Edgestream Partners L.P. grew its position in iShares Russell 1000 ETF by 20.1% during the 1st quarter. Edgestream Partners L.P. now owns 2,808 shares of the company’s stock valued at $809,000 after purchasing an additional 470 shares during the last quarter. Finally, Resurgent Financial Advisors LLC grew its holdings in shares of iShares Russell 1000 ETF by 45.8% during the first quarter. Resurgent Financial Advisors LLC now owns 2,617 shares of the company’s stock valued at $754,000 after buying an additional 822 shares during the last quarter.

iShares Russell 1000 ETF Price Performance

IWB stock opened at $322.29 on Friday. iShares Russell 1000 ETF has a 1-year low of $245.70 and a 1-year high of $330.43. The business has a fifty day moving average price of $315.80 and a 200-day moving average price of $302.93. The stock has a market capitalization of $39.56 billion, a P/E ratio of 24.68 and a beta of 1.01.

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.