Chesapeake Wealth Management Acquires New Stake in iShares Russell 1000 Index (NYSEARCA:IWB)

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Chesapeake Wealth Management bought a new stake in shares of iShares Russell 1000 Index (NYSEARCA:IWB) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,461 shares of the company’s stock, valued at approximately $361,000.

A number of other institutional investors have also recently made changes to their positions in the business. Derby & Company Inc. increased its stake in iShares Russell 1000 Index by 12.6% during the 1st quarter. Derby & Company Inc. now owns 170,256 shares of the company’s stock valued at $25,004,000 after purchasing an additional 19,077 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in iShares Russell 1000 Index during the first quarter valued at approximately $111,000. Royal Bank of Canada grew its position in iShares Russell 1000 Index by 26.8% during the first quarter. Royal Bank of Canada now owns 608,733 shares of the company’s stock valued at $89,399,000 after buying an additional 128,528 shares during the period. M Holdings Securities Inc. grew its position in iShares Russell 1000 Index by 6.5% during the first quarter. M Holdings Securities Inc. now owns 22,474 shares of the company’s stock valued at $3,301,000 after buying an additional 1,380 shares during the period. Finally, McKinley Carter Wealth Services Inc. grew its position in iShares Russell 1000 Index by 3.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 305,921 shares of the company’s stock valued at $44,928,000 after buying an additional 10,235 shares during the period.

iShares Russell 1000 Index opened at $151.98 on Friday, Marketbeat.com reports. iShares Russell 1000 Index has a one year low of $133.70 and a one year high of $159.31.

About iShares Russell 1000 Index

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.

Institutional Ownership by Quarter for iShares Russell 1000 Index (NYSEARCA:IWB)

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