CIBC Bancorp USA Inc. Makes New Investment in iShares Russell 1000 ETF $IWB

CIBC Bancorp USA Inc. acquired a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 365,557 shares of the company’s stock, valued at approximately $133,604,000. CIBC Bancorp USA Inc. owned 0.30% of iShares Russell 1000 ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in shares of iShares Russell 1000 ETF during the third quarter worth about $30,000. First Command Advisory Services Inc. purchased a new position in iShares Russell 1000 ETF during the 3rd quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in iShares Russell 1000 ETF during the 2nd quarter valued at about $30,000. Caldwell Trust Co bought a new position in iShares Russell 1000 ETF during the 2nd quarter valued at approximately $30,000. Finally, Absher Wealth Management LLC purchased a new stake in iShares Russell 1000 ETF in the 3rd quarter worth approximately $33,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB stock opened at $366.49 on Wednesday. The firm has a market cap of $45.24 billion, a P/E ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a fifty-two week low of $264.17 and a fifty-two week high of $382.34. The business’s 50 day moving average price is $375.85 and its 200-day moving average price is $371.04.

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.