Kestra Investment Management LLC Invests $39,000 in iShares Russell 1000 ETF (NYSEARCA:IWB)

Kestra Investment Management LLC acquired a new position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 122 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Traynor Capital Management Inc. raised its stake in shares of iShares Russell 1000 ETF by 4.1% during the 4th quarter. Traynor Capital Management Inc. now owns 862 shares of the company’s stock worth $278,000 after purchasing an additional 34 shares in the last quarter. Lansing Street Advisors raised its stake in iShares Russell 1000 ETF by 0.3% in the 3rd quarter. Lansing Street Advisors now owns 10,144 shares of the company’s stock valued at $3,189,000 after acquiring an additional 35 shares during the period. Riverpoint Wealth Management Holdings LLC raised its stake in iShares Russell 1000 ETF by 0.3% in the 3rd quarter. Riverpoint Wealth Management Holdings LLC now owns 10,720 shares of the company’s stock valued at $3,370,000 after acquiring an additional 36 shares during the period. Prime Capital Investment Advisors LLC raised its stake in iShares Russell 1000 ETF by 0.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,402 shares of the company’s stock valued at $1,384,000 after acquiring an additional 36 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in iShares Russell 1000 ETF by 23.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 196 shares of the company’s stock valued at $62,000 after acquiring an additional 37 shares during the period.

iShares Russell 1000 ETF Trading Down 1.8 %

IWB opened at $329.73 on Friday. iShares Russell 1000 ETF has a 1-year low of $271.54 and a 1-year high of $337.76. The stock’s fifty day simple moving average is $329.51 and its 200 day simple moving average is $320.24. The stock has a market cap of $40.47 billion, a PE ratio of 24.68 and a beta of 1.01.

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.