WestEnd Advisors LLC Boosts Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

WestEnd Advisors LLC lifted its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 30.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 781 shares of the company’s stock after acquiring an additional 183 shares during the period. WestEnd Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $246,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Etesian Wealth Advisors Inc. grew its stake in iShares Russell 1000 ETF by 32.0% in the third quarter. Etesian Wealth Advisors Inc. now owns 1,241 shares of the company’s stock valued at $390,000 after purchasing an additional 301 shares during the last quarter. Mechanics Bank Trust Department purchased a new stake in iShares Russell 1000 ETF during the third quarter valued at approximately $597,000. Cambridge Trust Co. grew its holdings in iShares Russell 1000 ETF by 29.7% in the first quarter. Cambridge Trust Co. now owns 1,760 shares of the company’s stock worth $507,000 after purchasing an additional 403 shares during the last quarter. Morton Capital Management LLC CA increased its position in shares of iShares Russell 1000 ETF by 0.9% during the third quarter. Morton Capital Management LLC CA now owns 5,065 shares of the company’s stock worth $1,592,000 after purchasing an additional 43 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of iShares Russell 1000 ETF by 20.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 3,678 shares of the company’s stock valued at $1,059,000 after purchasing an additional 625 shares during the last quarter.

iShares Russell 1000 ETF Stock Performance

IWB stock traded down $0.13 on Wednesday, hitting $318.87. 23,448 shares of the company’s stock were exchanged, compared to its average volume of 795,880. The firm has a 50 day moving average price of $311.28 and a two-hundred day moving average price of $299.11. iShares Russell 1000 ETF has a 12-month low of $227.11 and a 12-month high of $321.24. The stock has a market cap of $39.14 billion, a P/E ratio of 24.68 and a beta of 1.01.

iShares Russell 1000 ETF 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.