Nestegg Advisors Inc. Takes Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Nestegg Advisors Inc. acquired a new position in iShares Russell 1000 ETF (NYSEARCA:IWB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,367 shares of the company’s stock, valued at approximately $452,000. iShares Russell 1000 ETF makes up 0.5% of Nestegg Advisors Inc.’s investment portfolio, making the stock its 28th largest position.

A number of other institutional investors also recently bought and sold shares of the stock. Redwood Park Advisors LLC bought a new stake in iShares Russell 1000 ETF during the 4th quarter worth approximately $27,000. Millstone Evans Group LLC bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter worth approximately $29,000. Fourth Dimension Wealth LLC purchased a new stake in shares of iShares Russell 1000 ETF in the fourth quarter worth $36,000. Crews Bank & Trust bought a new stake in shares of iShares Russell 1000 ETF during the 4th quarter valued at $37,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of iShares Russell 1000 ETF during the 4th quarter valued at $37,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB stock opened at $324.76 on Wednesday. The stock has a fifty day simple moving average of $304.74 and a two-hundred day simple moving average of $319.17. The firm has a market capitalization of $40.32 billion, a PE ratio of 24.42 and a beta of 1.02. iShares Russell 1000 ETF has a 52-week low of $264.17 and a 52-week high of $337.76.

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.