Modern Wealth Management LLC Increases Stock Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Modern Wealth Management LLC lifted its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,358 shares of the company’s stock after purchasing an additional 224 shares during the period. Modern Wealth Management LLC’s holdings in iShares Russell 1000 ETF were worth $453,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IWB. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares Russell 1000 ETF during the fourth quarter worth $51,000. Windsor Capital Management LLC increased its position in iShares Russell 1000 ETF by 5.9% during the 4th quarter. Windsor Capital Management LLC now owns 699 shares of the company’s stock worth $225,000 after purchasing an additional 39 shares in the last quarter. Broadview Financial Management LLC raised its stake in iShares Russell 1000 ETF by 18.6% in the 3rd quarter. Broadview Financial Management LLC now owns 8,391 shares of the company’s stock valued at $2,638,000 after purchasing an additional 1,314 shares during the last quarter. Csenge Advisory Group lifted its holdings in iShares Russell 1000 ETF by 4.6% in the 4th quarter. Csenge Advisory Group now owns 18,215 shares of the company’s stock valued at $5,868,000 after purchasing an additional 794 shares in the last quarter. Finally, Financial Life Planners purchased a new position in iShares Russell 1000 ETF in the 4th quarter valued at about $122,000.

iShares Russell 1000 ETF Price Performance

Shares of NYSEARCA IWB opened at $311.24 on Friday. The company has a 50-day simple moving average of $324.35 and a 200-day simple moving average of $322.51. The company has a market cap of $37.24 billion, a PE ratio of 24.45 and a beta of 1.03. iShares Russell 1000 ETF has a 12 month low of $271.54 and a 12 month high of $337.76.

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.