Avidian Wealth Enterprises LLC Purchases New Stake in iShares Russell 1000 ETF $IWB

Avidian Wealth Enterprises LLC acquired a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the third quarter, Holdings Channel.com reports. The fund acquired 15,172 shares of the company’s stock, valued at approximately $6,314,000.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp raised its position in shares of iShares Russell 1000 ETF by 145.7% during the first quarter. Fifth Third Bancorp now owns 849,980 shares of the company’s stock worth $303,069,000 after purchasing an additional 504,045 shares during the period. Bank of America Corp DE boosted its position in shares of iShares Russell 1000 ETF by 4.9% in the 1st quarter. Bank of America Corp DE now owns 5,155,585 shares of the company’s stock valued at $1,838,275,000 after purchasing an additional 240,695 shares during the period. Focus Partners Wealth increased its stake in iShares Russell 1000 ETF by 12.4% in the 4th quarter. Focus Partners Wealth now owns 1,955,205 shares of the company’s stock worth $730,139,000 after purchasing an additional 215,456 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in iShares Russell 1000 ETF by 12.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,641,733 shares of the company’s stock worth $585,376,000 after purchasing an additional 179,128 shares in the last quarter. Finally, Equity Investment Corp acquired a new stake in iShares Russell 1000 ETF during the 4th quarter worth about $26,581,000.

iShares Russell 1000 ETF Trading Down 0.6%

IWB stock traded down $2.46 during mid-day trading on Thursday, reaching $421.73. 284,169 shares of the stock traded hands, compared to its average volume of 1,030,671. iShares Russell 1000 ETF has a 52-week low of $345.21 and a 52-week high of $427.04. The company has a market cap of $49.11 billion, a P/E ratio of 24.71 and a beta of 1.00. The stock’s fifty day moving average is $419.35 and its 200-day moving average is $403.80.

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.