W.H. Cornerstone Investments Inc. Increases Position in iShares Russell 1000 ETF

W.H. Cornerstone Investments Inc. has expanded its investment portfolio by enhancing its stake in the iShares Russell 1000 ETF (NYSEARCA:IWB). In a recent filing with the Securities & Exchange Commission, the firm reported a 6.0% increase in holdings during the third quarter, purchasing an additional 300 shares. Following this acquisition, W.H. Cornerstone Investments Inc.'s total share count in the ETF reached 5,267. This additional investment consolidates the iShares Russell 1000 ETF as a significant asset in the firm's portfolio, representing about 1.1% and ranking as their 22nd largest holding.

The value of W.H. Cornerstone Investments Inc.'s stake in the iShares Russell 1000 ETF was reported to be approximately $1,237,000 at the time of the latest SEC filing. The fund's performance metrics depict a nuanced image of its market presence, with shares trading at $260.68 after a $1.58 downturn on Tuesday. With a market capitalization of $33.00 billion and trading volumes surrounding the 422,380 mark, the 50-day and 200-day simple moving averages stood at $248.56 and $244.74 respectively. The ETF has experienced a 52-week low of $208.04 and a high of $263.59, supporting a price-to-earnings ratio of 17.92 and maintaining a beta of 1.01.

About iShares Russell 1000 ETF

The iShares Russell 1000 ETF aims to track the performance of the Russell 1000 Index, which represents the large-capitalization sector of the U.S. equity market. The fund targets results that mirror the price and yield performance of predominantly large-cap U.S. companies. These companies form the upper echelon of the Russell 3000 Index, constituting approximately the top 1,000 issuers based on market capitalization.

Other Institutional Investors

W.H. Cornerstone Investments Inc. is not the only institutional investor augmenting their engagement with the iShares Russell 1000 ETF. Various other investors have also adjusted their positions. New stakes have been initiated and existing investments have been increased or decreased across the board during recent quarters, demonstrating continued interest and repositioning among funds within this large-cap ETF.

investment, expansion, acquisition