Red Cedar Investment Management LLC Has $152.48 Million Holdings in iShares Russell 1000 ETF $IWB

Red Cedar Investment Management LLC lessened its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 3.9% in the 3rd quarter, Holdings Channel reports. The firm owned 417,193 shares of the company’s stock after selling 16,956 shares during the period. iShares Russell 1000 ETF makes up 17.9% of Red Cedar Investment Management LLC’s investment portfolio, making the stock its 2nd largest holding. Red Cedar Investment Management LLC’s holdings in iShares Russell 1000 ETF were worth $152,476,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IWB. Formulate Financial LLC bought a new stake in iShares Russell 1000 ETF in the third quarter worth $9,074,000. WealthShield Partners LLC increased its position in shares of iShares Russell 1000 ETF by 53.8% during the 3rd quarter. WealthShield Partners LLC now owns 512 shares of the company’s stock valued at $187,000 after purchasing an additional 179 shares during the last quarter. Patten & Patten Inc. TN purchased a new position in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $1,216,000. Symphony Financial Ltd. Co. bought a new position in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $308,000. Finally, New Wave Wealth Advisors LLC lifted its stake in shares of iShares Russell 1000 ETF by 6.5% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 7,810 shares of the company’s stock worth $2,854,000 after acquiring an additional 476 shares during the last quarter.

iShares Russell 1000 ETF Trading Up 0.4%

NYSEARCA:IWB opened at $379.77 on Tuesday. The company has a market cap of $46.45 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a twelve month low of $264.17 and a twelve month high of $381.71. The stock has a fifty day simple moving average of $374.33 and a 200-day simple moving average of $364.53.

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.