Independent Advisor Alliance Invests $9 Million in iShares Russell 1000 ETF (NYSEARCA:IWB)

Independent Advisor Alliance bought a new position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,936 shares of the company’s stock, valued at approximately $9,000,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in shares of iShares Russell 1000 ETF by 5.0% during the fourth quarter. Jones Financial Companies Lllp now owns 9,740,751 shares of the company’s stock worth $3,138,080,000 after buying an additional 460,808 shares in the last quarter. LPL Financial LLC raised its stake in iShares Russell 1000 ETF by 2.2% in the third quarter. LPL Financial LLC now owns 2,394,007 shares of the company’s stock valued at $752,652,000 after purchasing an additional 52,616 shares in the last quarter. Millburn Ridgefield Corp raised its stake in iShares Russell 1000 ETF by 5.1% in the fourth quarter. Millburn Ridgefield Corp now owns 1,605,165 shares of the company’s stock valued at $517,120,000 after purchasing an additional 77,537 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in iShares Russell 1000 ETF by 3.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,329,268 shares of the company’s stock valued at $428,237,000 after purchasing an additional 39,204 shares in the last quarter. Finally, Pathstone Holdings LLC raised its stake in iShares Russell 1000 ETF by 0.4% in the third quarter. Pathstone Holdings LLC now owns 1,147,674 shares of the company’s stock valued at $360,544,000 after purchasing an additional 4,412 shares in the last quarter.

iShares Russell 1000 ETF Stock Down 2.7 %

IWB stock opened at $307.33 on Tuesday. The company has a market cap of $36.48 billion, a PE ratio of 26.23 and a beta of 1.03. The business has a 50-day simple moving average of $327.92 and a 200 day simple moving average of $322.32. iShares Russell 1000 ETF has a 52 week low of $271.54 and a 52 week high of $337.76.

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.