Global Wealth Management LLC Makes New $576,000 Investment in iShares Russell 1000 ETF (NYSEARCA:IWB)

Global Wealth Management LLC bought a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,832 shares of the company’s stock, valued at approximately $576,000. iShares Russell 1000 ETF makes up approximately 0.4% of Global Wealth Management LLC’s portfolio, making the stock its 18th largest position.

Several other institutional investors also recently modified their holdings of the business. LRI Investments LLC purchased a new position in shares of iShares Russell 1000 ETF during the 1st quarter valued at $27,000. Transcendent Capital Group LLC boosted its position in iShares Russell 1000 ETF by 76.4% during the second quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock worth $29,000 after purchasing an additional 42 shares during the period. Sound Income Strategies LLC increased its stake in shares of iShares Russell 1000 ETF by 239.3% in the third quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock worth $30,000 after purchasing an additional 67 shares in the last quarter. Winch Advisory Services LLC bought a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at approximately $30,000. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of iShares Russell 1000 ETF by 176.7% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 119 shares of the company’s stock valued at $35,000 after buying an additional 76 shares in the last quarter.

iShares Russell 1000 ETF Stock Down 0.1 %

IWB traded down $0.24 on Friday, hitting $317.39. The company’s stock had a trading volume of 395,237 shares, compared to its average volume of 802,008. iShares Russell 1000 ETF has a 12 month low of $224.41 and a 12 month high of $321.24. The firm has a market cap of $38.96 billion, a P/E ratio of 24.68 and a beta of 1.01. The company’s 50 day simple moving average is $310.77 and its 200-day simple moving average is $298.41.

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.