GRIMES & Co WEALTH MANAGEMENT LLC Makes New $625,000 Investment in iShares Russell 1000 ETF $IWB

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,501 shares of the company’s stock, valued at approximately $625,000.

Several other institutional investors have also modified their holdings of the company. Landaas & Co. WI ADV bought a new position in iShares Russell 1000 ETF in the 3rd quarter worth about $2,713,000. Cortland Associates Inc. MO bought a new stake in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $1,264,000. Greenleaf Trust bought a new stake in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $1,220,000. Bell Investment Advisors Inc acquired a new position in shares of iShares Russell 1000 ETF during the third quarter worth approximately $285,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of iShares Russell 1000 ETF during the third quarter worth approximately $6,622,000.

iShares Russell 1000 ETF Price Performance

Shares of IWB stock opened at $419.20 on Thursday. iShares Russell 1000 ETF has a 12-month low of $345.21 and a 12-month high of $427.04. The firm has a market capitalization of $48.75 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The business has a 50 day simple moving average of $419.10 and a 200 day simple moving average of $399.12.

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.