Westbourne Investment Advisors Inc. Purchases New Shares in iShares Russell 1000 ETF $IWB

Westbourne Investment Advisors Inc. purchased a new position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,500 shares of the company’s stock, valued at approximately $849,000.

A number of other institutional investors have also recently added to or reduced their stakes in IWB. Greenleaf Trust grew its stake in shares of iShares Russell 1000 ETF by 1.0% during the second quarter. Greenleaf Trust now owns 2,969 shares of the company’s stock valued at $1,008,000 after acquiring an additional 30 shares in the last quarter. GM Advisory Group LLC lifted its stake in shares of iShares Russell 1000 ETF by 0.3% in the first quarter. GM Advisory Group LLC now owns 11,918 shares of the company’s stock worth $3,656,000 after acquiring an additional 32 shares in the last quarter. Tranquility Partners LLC boosted its holdings in iShares Russell 1000 ETF by 1.6% in the second quarter. Tranquility Partners LLC now owns 2,259 shares of the company’s stock valued at $767,000 after purchasing an additional 35 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in iShares Russell 1000 ETF by 3.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,033 shares of the company’s stock valued at $351,000 after purchasing an additional 35 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its stake in iShares Russell 1000 ETF by 1.4% during the 2nd quarter. Apollon Wealth Management LLC now owns 2,606 shares of the company’s stock valued at $885,000 after purchasing an additional 36 shares in the last quarter.

iShares Russell 1000 ETF Stock Up 1.5%

IWB stock opened at $373.15 on Tuesday. The stock’s 50 day moving average is $365.49 and its two-hundred day moving average is $345.72. iShares Russell 1000 ETF has a 52-week low of $264.17 and a 52-week high of $377.77. The company has a market capitalization of $44.93 billion, a PE ratio of 24.71 and a beta of 1.01.

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.