LPL Financial LLC Increases Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

LPL Financial LLC boosted its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,341,391 shares of the company’s stock after purchasing an additional 29,339 shares during the quarter. LPL Financial LLC owned approximately 1.91% of iShares Russell 1000 ETF worth $696,658,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in iShares Russell 1000 ETF in the first quarter valued at $27,000. Transcendent Capital Group LLC raised its stake in shares of iShares Russell 1000 ETF by 76.4% in the 2nd quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of iShares Russell 1000 ETF by 176.7% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 119 shares of the company’s stock valued at $35,000 after purchasing an additional 76 shares in the last quarter. Robinson Capital Management LLC bought a new stake in iShares Russell 1000 ETF in the fourth quarter valued at about $33,000. Finally, JNBA Financial Advisors bought a new stake in iShares Russell 1000 ETF in the first quarter valued at about $50,000.

iShares Russell 1000 ETF Trading Up 0.4 %

Shares of IWB opened at $300.28 on Wednesday. iShares Russell 1000 ETF has a 52 week low of $224.41 and a 52 week high of $309.61. The firm has a market cap of $36.86 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. The stock has a 50 day moving average of $300.90 and a 200-day moving average of $291.57.

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.