USA Financial Formulas Lowers Stock Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

USA Financial Formulas decreased its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 5.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,038 shares of the company’s stock after selling 165 shares during the period. USA Financial Formulas’ holdings in iShares Russell 1000 ETF were worth $979,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of IWB. Sound Income Strategies LLC increased its stake in shares of iShares Russell 1000 ETF by 239.3% in the 3rd quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock valued at $30,000 after purchasing an additional 67 shares in the last quarter. Winch Advisory Services LLC acquired a new stake in iShares Russell 1000 ETF in the third quarter valued at approximately $30,000. Clarkston Capital Partners LLC purchased a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at approximately $32,000. Archer Investment Corp purchased a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at approximately $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Russell 1000 ETF during the 4th quarter valued at approximately $51,000.

iShares Russell 1000 ETF Stock Performance

iShares Russell 1000 ETF stock opened at $326.65 on Thursday. The company’s fifty day moving average price is $327.99 and its 200 day moving average price is $314.19. The stock has a market capitalization of $40.10 billion, a P/E ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 1 year low of $258.68 and a 1 year high of $336.18.

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.