Founders Financial Securities LLC Makes New $564,000 Investment in iShares Russell 1000 ETF $IWB

Founders Financial Securities LLC bought a new position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) during the fourth quarter, Holdings Channel reports. The fund bought 1,510 shares of the company’s stock, valued at approximately $564,000.

A number of other institutional investors also recently bought and sold shares of IWB. Focus Partners Wealth raised its stake in iShares Russell 1000 ETF by 86.1% during the third quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock worth $635,852,000 after purchasing an additional 805,083 shares during the period. Bank of America Corp DE raised its stake in iShares Russell 1000 ETF by 14.9% during the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after purchasing an additional 616,717 shares during the period. Allstate Corp raised its stake in iShares Russell 1000 ETF by 125.4% during the fourth quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock worth $402,632,000 after purchasing an additional 599,755 shares during the period. CIBC Bancorp USA Inc. purchased a new position in iShares Russell 1000 ETF during the third quarter worth about $133,604,000. Finally, Orion Porfolio Solutions LLC raised its stake in iShares Russell 1000 ETF by 506.5% during the second quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock worth $102,590,000 after purchasing an additional 252,307 shares during the period.

iShares Russell 1000 ETF Price Performance

Shares of IWB stock opened at $414.78 on Wednesday. The firm’s 50-day moving average is $385.44 and its two-hundred day moving average is $378.02. iShares Russell 1000 ETF has a 12 month low of $325.07 and a 12 month high of $415.11. The company has a market capitalization of $48.80 billion, a PE ratio of 24.71 and a beta of 1.00.

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.