Mittelman Wealth Management Takes Position in iShares Russell 1000 ETF $IWB

Mittelman Wealth Management purchased a new position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,428 shares of the company’s stock, valued at approximately $1,200,000. iShares Russell 1000 ETF accounts for approximately 0.7% of Mittelman Wealth Management’s portfolio, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in IWB. Bank of America Corp DE boosted its position in iShares Russell 1000 ETF by 14.9% during the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after purchasing an additional 616,717 shares during the period. Allstate Corp raised its position in shares of iShares Russell 1000 ETF by 125.4% in the fourth quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock valued at $402,632,000 after purchasing an additional 599,755 shares during the period. Fifth Third Bancorp raised its position in shares of iShares Russell 1000 ETF by 145.7% in the first quarter. Fifth Third Bancorp now owns 849,980 shares of the company’s stock valued at $303,069,000 after purchasing an additional 504,045 shares during the period. Millennium Management LLC bought a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at approximately $169,963,000. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of iShares Russell 1000 ETF by 506.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock valued at $102,590,000 after buying an additional 252,307 shares in the last quarter.

iShares Russell 1000 ETF Trading Up 0.1%

IWB opened at $404.46 on Tuesday. The company has a 50 day moving average of $407.49 and a 200 day moving average of $387.90. The company has a market cap of $47.75 billion, a PE ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 12 month low of $340.11 and a 12 month high of $415.11.

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.