Broadview Financial Management LLC Boosts Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Broadview Financial Management LLC lifted its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,077 shares of the company’s stock after acquiring an additional 375 shares during the quarter. iShares Russell 1000 ETF makes up 1.5% of Broadview Financial Management LLC’s portfolio, making the stock its 18th biggest position. Broadview Financial Management LLC’s holdings in iShares Russell 1000 ETF were worth $2,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Waterloo Capital L.P. bought a new stake in shares of iShares Russell 1000 ETF during the 4th quarter valued at about $4,471,000. Envestnet Asset Management Inc. grew its holdings in shares of iShares Russell 1000 ETF by 3.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,512,821 shares of the company’s stock worth $1,183,533,000 after acquiring an additional 146,971 shares during the period. Miller Investment Management LP bought a new position in shares of iShares Russell 1000 ETF in the 4th quarter worth approximately $991,000. Spire Wealth Management boosted its position in shares of iShares Russell 1000 ETF by 29.9% during the fourth quarter. Spire Wealth Management now owns 38,351 shares of the company’s stock valued at $10,182,000 after purchasing an additional 8,820 shares in the last quarter. Finally, Guardian Wealth Advisors LLC NC grew its stake in iShares Russell 1000 ETF by 3.1% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 9,490 shares of the company’s stock worth $2,489,000 after purchasing an additional 288 shares during the period.

iShares Russell 1000 ETF Trading Up 1.0 %

IWB traded up $2.98 during trading on Friday, reaching $309.06. The stock had a trading volume of 3,109,203 shares, compared to its average volume of 795,457. iShares Russell 1000 ETF has a one year low of $224.41 and a one year high of $309.61. The company has a market capitalization of $37.94 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. The stock’s 50 day moving average is $300.47 and its two-hundred day moving average is $290.22.

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.