Arbor Wealth Advisors LLC Buys Shares of 1,684 iShares Russell 1000 ETF (NYSEARCA:IWB)

Arbor Wealth Advisors LLC bought a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,684 shares of the company’s stock, valued at approximately $442,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC raised its stake in shares of iShares Russell 1000 ETF by 169.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 4,467 shares of the company’s stock worth $1,049,000 after buying an additional 2,810 shares during the period. Advance Capital Management Inc. raised its stake in iShares Russell 1000 ETF by 3.8% in the 4th quarter. Advance Capital Management Inc. now owns 35,540 shares of the company’s stock valued at $9,321,000 after purchasing an additional 1,285 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in iShares Russell 1000 ETF by 20.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 16,271 shares of the company’s stock valued at $4,197,000 after purchasing an additional 2,784 shares during the last quarter. Klingenstein Fields & Co. LP acquired a new position in iShares Russell 1000 ETF in the 4th quarter valued at $212,000. Finally, QRG Capital Management Inc. acquired a new position in iShares Russell 1000 ETF in the 3rd quarter valued at $528,000.

iShares Russell 1000 ETF Price Performance

NYSEARCA IWB traded up $3.25 during mid-day trading on Tuesday, hitting $277.99. The stock had a trading volume of 599,853 shares, compared to its average volume of 733,080. The firm’s 50 day moving average is $281.30 and its 200 day moving average is $263.02. iShares Russell 1000 ETF has a twelve month low of $221.31 and a twelve month high of $288.75. The stock has a market capitalization of $34.23 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01.

iShares Russell 1000 ETF 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.