Napier Financial LLC Invests $56.97 Million in iShares Russell 1000 ETF $IWB

Napier Financial LLC acquired a new position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 152,542 shares of the company’s stock, valued at approximately $56,965,000. iShares Russell 1000 ETF makes up approximately 14.2% of Napier Financial LLC’s holdings, making the stock its biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. REAP Financial Group LLC purchased a new position in iShares Russell 1000 ETF in the fourth quarter valued at $28,000. Optima Capital LLC purchased a new position in iShares Russell 1000 ETF in the fourth quarter valued at $32,000. True Wealth Design LLC purchased a new position in iShares Russell 1000 ETF in the fourth quarter valued at $32,000. Allspring Global Investments Holdings LLC increased its holdings in iShares Russell 1000 ETF by 78.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 116 shares of the company’s stock valued at $43,000 after buying an additional 51 shares during the last quarter. Finally, Horizon Investments LLC purchased a new position in iShares Russell 1000 ETF in the fourth quarter valued at $47,000.

iShares Russell 1000 ETF Price Performance

NYSEARCA IWB opened at $403.01 on Monday. iShares Russell 1000 ETF has a 1 year low of $325.31 and a 1 year high of $415.11. The company has a market capitalization of $47.41 billion, a PE ratio of 24.71 and a beta of 1.00. The company has a fifty day moving average of $389.66 and a two-hundred day moving average of $379.21.

iShares Russell 1000 ETF 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.