Independent Financial Group LLC Purchases New Position in iShares Russell 1000 ETF $IWB

Independent Financial Group LLC purchased a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,450 shares of the company’s stock, valued at approximately $1,586,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in iShares Russell 1000 ETF by 14.9% in 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 in the last quarter. Allstate Corp increased its stake 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 buying an additional 599,755 shares in the last quarter. Fifth Third Bancorp increased its stake 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 buying an additional 504,045 shares in the last quarter. Millennium Management LLC bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $169,963,000. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of iShares Russell 1000 ETF by 506.5% in the second 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 during the last quarter.

iShares Russell 1000 ETF Price Performance

Shares of NYSEARCA:IWB opened at $406.71 on Monday. The firm has a market cap of $48.03 billion, a P/E 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. The company’s 50-day moving average price is $407.20 and its two-hundred day moving average price is $386.62.

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.