Raymond James Financial Inc. Purchases Shares of 609,068 iShares Russell 1000 ETF (NYSEARCA:IWB)

Raymond James Financial Inc. purchased a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 609,068 shares of the company’s stock, valued at approximately $196,217,000.

Several other hedge funds have also bought and sold shares of IWB. Clarkston Capital Partners LLC bought a new position in shares of iShares Russell 1000 ETF in the third quarter worth about $32,000. Archer Investment Corp bought a new position in shares of iShares Russell 1000 ETF in the third quarter worth about $37,000. Crews Bank & Trust bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter worth about $37,000. Finally, Centricity Wealth Management LLC bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter worth about $39,000.

iShares Russell 1000 ETF Stock Up 0.5 %

NYSEARCA IWB opened at $315.98 on Friday. The firm has a market cap of $37.51 billion, a price-to-earnings ratio of 26.23 and a beta of 1.03. The business has a 50-day moving average price of $328.25 and a 200-day moving average price of $322.08. iShares Russell 1000 ETF has a twelve month low of $271.54 and a twelve month high of $337.76.

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.