Eastern Bank Makes New Investment in iShares Russell 1000 ETF (NYSEARCA:IWB)

Eastern Bank bought a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,482 shares of the company’s stock, valued at approximately $780,000.

Several other institutional investors and hedge funds have also modified their holdings of IWB. Sound Income Strategies LLC grew its position in shares of iShares Russell 1000 ETF by 239.3% during the 3rd quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock worth $30,000 after purchasing an additional 67 shares in the last quarter. LRI Investments LLC acquired a new stake in iShares Russell 1000 ETF during the first quarter worth approximately $27,000. Winch Advisory Services LLC bought a new position in iShares Russell 1000 ETF during the 3rd quarter worth $30,000. Transcendent Capital Group LLC raised its holdings in iShares Russell 1000 ETF by 76.4% in the 2nd quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock valued at $29,000 after acquiring an additional 42 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of iShares Russell 1000 ETF by 176.7% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 119 shares of the company’s stock valued at $35,000 after acquiring an additional 76 shares during the period.

iShares Russell 1000 ETF Stock Performance

IWB opened at $316.78 on Thursday. iShares Russell 1000 ETF has a 52-week low of $224.41 and a 52-week high of $321.24. The firm has a market cap of $38.88 billion, a P/E ratio of 24.68 and a beta of 1.01. The business’s fifty day moving average is $310.21 and its 200-day moving average is $298.05.

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.