Absolute Capital Management LLC Has $1.55 Million Stock Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Absolute Capital Management LLC increased its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 650.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,802 shares of the company’s stock after acquiring an additional 4,162 shares during the quarter. Absolute Capital Management LLC’s holdings in iShares Russell 1000 ETF were worth $1,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IWB. Natixis Advisors LLC boosted its holdings in iShares Russell 1000 ETF by 16.0% during the third quarter. Natixis Advisors LLC now owns 20,544 shares of the company’s stock worth $6,459,000 after purchasing an additional 2,836 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of iShares Russell 1000 ETF by 50.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 65,862 shares of the company’s stock worth $20,706,000 after purchasing an additional 22,112 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of iShares Russell 1000 ETF by 12.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 17,342 shares of the company’s stock worth $5,452,000 after purchasing an additional 1,909 shares during the period. Darwin Wealth Management LLC bought a new stake in iShares Russell 1000 ETF during the 3rd quarter valued at $130,000. Finally, Citizens Financial Group Inc. RI raised its holdings in iShares Russell 1000 ETF by 5.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 15,175 shares of the company’s stock valued at $4,771,000 after acquiring an additional 775 shares during the period.

iShares Russell 1000 ETF Price Performance

IWB opened at $309.75 on Friday. The company has a fifty day moving average price of $325.31 and a 200-day moving average price of $322.13. The firm has a market capitalization of $37.06 billion, a P/E ratio of 24.45 and a beta of 1.03. iShares Russell 1000 ETF has a one year low of $271.54 and a one year high of $337.76.

iShares Russell 1000 ETF 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.