PNC Financial Services Group Inc. Has $830.62 Million Stake in iShares Russell 1000 ETF $IWB

PNC Financial Services Group Inc. boosted its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,329,545 shares of the company’s stock after purchasing an additional 32,054 shares during the period. PNC Financial Services Group Inc. owned about 1.98% of iShares Russell 1000 ETF worth $830,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. REAP Financial Group LLC acquired a new position in shares of iShares Russell 1000 ETF during the 4th quarter worth about $28,000. Sound Income Strategies LLC acquired a new stake in shares of iShares Russell 1000 ETF in the first quarter valued at about $28,000. Advocate Investing Services LLC bought a new stake in iShares Russell 1000 ETF during the fourth quarter worth about $31,000. True Wealth Design LLC bought a new stake in iShares Russell 1000 ETF during the fourth quarter worth about $32,000. Finally, Optima Capital LLC bought a new stake in iShares Russell 1000 ETF during the fourth quarter worth about $32,000.

iShares Russell 1000 ETF Stock Performance

Shares of NYSEARCA IWB opened at $409.43 on Wednesday. The stock has a 50 day moving average price of $407.40 and a 200 day moving average price of $387.08. The stock has a market capitalization of $48.35 billion, a PE ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 52 week low of $340.11 and a 52 week high of $415.11.

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.