Merit Financial Group LLC Decreases Stock Position in iShares Russell 1000 ETF $IWB

Merit Financial Group LLC trimmed its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,729 shares of the company’s stock after selling 1,628 shares during the period. Merit Financial Group LLC’s holdings in iShares Russell 1000 ETF were worth $9,769,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 ETF during the second quarter worth approximately $30,000. Caldwell Trust Co acquired a new stake in iShares Russell 1000 ETF in the second quarter valued at $30,000. Highline Wealth Partners LLC bought a new position in iShares Russell 1000 ETF during the 3rd quarter valued at $30,000. Cary Street Partners Investment Advisory LLC grew its holdings in iShares Russell 1000 ETF by 75.0% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 91 shares of the company’s stock worth $31,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter worth about $31,000.

iShares Russell 1000 ETF Stock Performance

Shares of iShares Russell 1000 ETF stock opened at $373.74 on Tuesday. iShares Russell 1000 ETF has a 1 year low of $264.17 and a 1 year high of $382.34. The firm’s 50-day simple moving average is $376.74 and its 200-day simple moving average is $367.83. The firm has a market cap of $46.14 billion, a PE ratio of 24.71 and a beta of 1.01.

About iShares Russell 1000 ETF

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.