Fifth Third Bancorp Buys 504,045 Shares of iShares Russell 1000 ETF $IWB

Fifth Third Bancorp increased its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 145.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 849,980 shares of the company’s stock after acquiring an additional 504,045 shares during the period. Fifth Third Bancorp owned approximately 0.72% of iShares Russell 1000 ETF worth $303,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Focus Partners Wealth grew its position in iShares Russell 1000 ETF by 86.1% in the third quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock worth $635,852,000 after acquiring an additional 805,083 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares Russell 1000 ETF by 14.9% in the 2nd quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after acquiring an additional 616,717 shares during the last quarter. Allstate Corp increased its holdings in iShares Russell 1000 ETF by 125.4% during the 4th quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock valued at $402,632,000 after purchasing an additional 599,755 shares during the period. Millennium Management LLC bought a new position in shares of iShares Russell 1000 ETF during the fourth quarter valued at approximately $169,963,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter worth about $133,604,000.

iShares Russell 1000 ETF Stock Performance

Shares of NYSEARCA IWB traded up $1.50 during mid-day trading on Friday, hitting $413.11. 364,019 shares of the stock traded hands, compared to its average volume of 1,294,392. iShares Russell 1000 ETF has a 52 week low of $339.54 and a 52 week high of $415.11. The company has a market cap of $48.69 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The stock has a fifty day moving average price of $405.99 and a 200-day moving average price of $385.39.

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.