60,000 Shares in iShares Russell 1000 ETF $IWB Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System purchased a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $20,374,000.

A number of other hedge funds have also recently bought and sold shares of IWB. Brooklyn Investment Group purchased a new stake in shares of iShares Russell 1000 ETF in the first quarter valued at about $33,000. eCIO Inc. bought a new stake in iShares Russell 1000 ETF in the 1st quarter worth about $36,000. RMG Wealth Management LLC purchased a new stake in iShares Russell 1000 ETF in the 2nd quarter valued at about $45,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of iShares Russell 1000 ETF during the 2nd quarter worth approximately $49,000. Finally, Atticus Wealth Management LLC purchased a new position in shares of iShares Russell 1000 ETF in the 2nd quarter worth approximately $54,000.

iShares Russell 1000 ETF Trading Up 0.5%

Shares of IWB opened at $374.44 on Monday. The stock has a 50 day moving average of $367.80 and a 200 day moving average of $351.37. The company has a market capitalization of $45.08 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 12 month low of $264.17 and a 12 month high of $377.77.

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.