Brown Advisory Inc. Raises Position in iShares Russell 1000 ETF $IWB

Brown Advisory Inc. raised its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 22.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 201,874 shares of the company’s stock after acquiring an additional 36,961 shares during the quarter. Brown Advisory Inc.’s holdings in iShares Russell 1000 ETF were worth $75,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IWB. REAP Financial Group LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $28,000. Advocate Investing Services LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $31,000. Optima Capital LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $32,000. True Wealth Design LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $32,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of iShares Russell 1000 ETF by 78.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 116 shares of the company’s stock valued at $43,000 after purchasing an additional 51 shares in the last quarter.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $405.61 on Monday. iShares Russell 1000 ETF has a twelve month low of $325.31 and a twelve month high of $415.11. The firm’s fifty day simple moving average is $394.63 and its 200-day simple moving average is $380.65. The firm has a market capitalization of $47.72 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00.

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.