ACT Wealth Management LLC Has $21.37 Million Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

ACT Wealth Management LLC grew its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,469 shares of the company’s stock after purchasing an additional 540 shares during the period. iShares Russell 1000 ETF comprises about 11.5% of ACT Wealth Management LLC’s portfolio, making the stock its 4th largest position. ACT Wealth Management LLC’s holdings in iShares Russell 1000 ETF were worth $21,366,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in IWB. Cullen Frost Bankers Inc. bought a new stake in iShares Russell 1000 ETF in the 3rd quarter valued at approximately $28,000. Patriot Investment Management Group Inc. acquired a new stake in iShares Russell 1000 ETF during the 4th quarter worth approximately $28,000. Robinson Capital Management LLC bought a new stake in shares of iShares Russell 1000 ETF in the first quarter valued at about $31,000. City Holding Co. bought a new stake in iShares Russell 1000 ETF in the 3rd quarter valued at about $34,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of iShares Russell 1000 ETF during the 3rd quarter worth approximately $34,000.

iShares Russell 1000 ETF Trading Up 1.0 %

NYSEARCA IWB opened at $288.10 on Thursday. The company has a market cap of $36.47 billion, a price-to-earnings ratio of 17.92 and a beta of 1.01. The company has a 50 day moving average of $276.21 and a 200-day moving average of $256.98. iShares Russell 1000 ETF has a 1-year low of $216.32 and a 1-year high of $288.40.

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.