iShares Russell 1000 ETF $IWB Shares Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC boosted its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,360 shares of the company’s stock after acquiring an additional 2,550 shares during the quarter. iShares Russell 1000 ETF accounts for about 1.4% of New Wave Wealth Advisors LLC’s holdings, making the stock its 18th biggest holding. New Wave Wealth Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $3,869,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IWB. Capital A Wealth Management LLC acquired a new stake in iShares Russell 1000 ETF in the second quarter valued at approximately $30,000. Caldwell Trust Co acquired a new stake in iShares Russell 1000 ETF in the second quarter valued at approximately $30,000. Highline Wealth Partners LLC acquired a new stake in iShares Russell 1000 ETF in the third quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC raised its holdings in iShares Russell 1000 ETF by 75.0% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 91 shares of the company’s stock valued at $31,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in iShares Russell 1000 ETF in the third quarter valued at approximately $31,000.

iShares Russell 1000 ETF Stock Performance

Shares of NYSEARCA IWB opened at $361.46 on Tuesday. iShares Russell 1000 ETF has a fifty-two week low of $264.17 and a fifty-two week high of $382.34. The firm has a market capitalization of $43.34 billion, a PE ratio of 24.71 and a beta of 1.01. The stock’s 50-day simple moving average is $369.86 and its 200-day simple moving average is $370.90.

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.