Kovack Advisors Inc. Purchases 60 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Kovack Advisors Inc. lifted its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.8% in the 4th quarter, Holdings Channel reports. The fund owned 7,942 shares of the company’s stock after buying an additional 60 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Russell 1000 ETF were worth $2,559,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clarkston Capital Partners LLC bought a new position in iShares Russell 1000 ETF in the 3rd quarter worth about $32,000. Archer Investment Corp bought a new position in iShares Russell 1000 ETF in the 3rd quarter worth about $37,000. Crews Bank & Trust bought a new position in iShares Russell 1000 ETF in the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new position in iShares Russell 1000 ETF in the 4th quarter worth about $37,000. Finally, Centricity Wealth Management LLC bought a new position in iShares Russell 1000 ETF in the 4th quarter worth about $39,000.

iShares Russell 1000 ETF Stock Down 0.0 %

Shares of NYSEARCA IWB opened at $326.40 on Thursday. The business has a 50-day simple moving average of $329.37 and a two-hundred day simple moving average of $321.28. iShares Russell 1000 ETF has a 52 week low of $271.54 and a 52 week high of $337.76. The company has a market cap of $38.74 billion, a P/E ratio of 26.23 and a beta of 1.03.

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.