Novare Capital Management LLC Makes New $204,000 Investment in iShares Russell 1000 ETF (NYSEARCA:IWB)

Novare Capital Management LLC bought a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 632 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in iShares Russell 1000 ETF by 239.3% during the third quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock valued at $30,000 after buying an additional 67 shares during the period. Winch Advisory Services LLC bought a new stake in iShares Russell 1000 ETF during the third quarter worth about $30,000. Clarkston Capital Partners LLC purchased a new stake in iShares Russell 1000 ETF in the third quarter worth about $32,000. Archer Investment Corp bought a new position in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Russell 1000 ETF during the fourth quarter valued at approximately $51,000.

iShares Russell 1000 ETF Stock Down 0.2 %

Shares of IWB opened at $335.17 on Monday. iShares Russell 1000 ETF has a 52 week low of $265.70 and a 52 week high of $336.61. The stock has a market cap of $41.14 billion, a P/E ratio of 24.68 and a beta of 1.01. The business’s 50 day moving average price is $328.62 and its 200-day moving average price is $315.77.

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.