Financial Management Professionals Inc. Has $34.78 Million Holdings in iShares Russell 1000 ETF (NYSEARCA:IWB)

Financial Management Professionals Inc. raised its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,969 shares of the company’s stock after purchasing an additional 2,363 shares during the period. iShares Russell 1000 ETF accounts for approximately 4.4% of Financial Management Professionals Inc.’s holdings, making the stock its 7th biggest position. Financial Management Professionals Inc. owned 0.09% of iShares Russell 1000 ETF worth $34,783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC boosted its holdings in shares of iShares Russell 1000 ETF by 239.3% during the 3rd quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock valued at $30,000 after purchasing an additional 67 shares during the last quarter. Winch Advisory Services LLC bought a new position in shares of iShares Russell 1000 ETF during the 3rd quarter valued at about $30,000. Clarkston Capital Partners LLC bought a new position in shares of iShares Russell 1000 ETF during the 3rd quarter valued at about $32,000. Archer Investment Corp purchased a new stake in shares of iShares Russell 1000 ETF during the 3rd quarter valued at about $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares Russell 1000 ETF during the 4th quarter valued at about $51,000.

iShares Russell 1000 ETF Trading Up 1.0 %

Shares of NYSEARCA IWB opened at $329.39 on Friday. The firm’s 50-day moving average price is $328.00 and its 200-day moving average price is $314.58. The stock has a market capitalization of $40.43 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 12-month low of $260.02 and a 12-month high of $336.18.

iShares Russell 1000 ETF Company 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.