USA Financial Formulas Purchases New Shares in iShares Russell 1000 ETF $IWB

USA Financial Formulas purchased a new position in iShares Russell 1000 ETF (NYSEARCA:IWB) during the third quarter, Holdings Channel reports. The institutional investor purchased 1,621 shares of the company’s stock, valued at approximately $675,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IWB. McKinley Carter Wealth Services Inc. bought a new position in iShares Russell 1000 ETF during the third quarter worth $67,403,000. Vontobel Holding Ltd. bought a new stake in iShares Russell 1000 ETF during the third quarter valued at $957,000. TD Waterhouse Canada Inc. boosted its position in iShares Russell 1000 ETF by 24.5% during the third quarter. TD Waterhouse Canada Inc. now owns 4,482 shares of the company’s stock valued at $1,869,000 after acquiring an additional 882 shares during the last quarter. Peddock Capital Advisors LLC bought a new stake in iShares Russell 1000 ETF during the third quarter valued at $2,039,000. Finally, Cyndeo Wealth Partners LLC grew its holdings in iShares Russell 1000 ETF by 8.2% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 11,207 shares of the company’s stock worth $4,664,000 after acquiring an additional 852 shares during the period.

iShares Russell 1000 ETF Trading Down 1.1%

Shares of iShares Russell 1000 ETF stock opened at $416.77 on Friday. The business has a 50-day moving average price of $420.14 and a two-hundred day moving average price of $406.72. iShares Russell 1000 ETF has a 1-year low of $345.21 and a 1-year high of $427.04. The company has a market cap of $48.57 billion, a P/E ratio of 24.71 and a beta of 1.00.

About iShares Russell 1000 ETF

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.