iShares Russell 1000 ETF (NYSEARCA:IWB) Position Increased by LPL Financial LLC

LPL Financial LLC raised its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,394,007 shares of the company’s stock after buying an additional 52,616 shares during the quarter. LPL Financial LLC owned 1.95% of iShares Russell 1000 ETF worth $752,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in iShares Russell 1000 ETF in the first quarter valued at approximately $27,000. Transcendent Capital Group LLC raised its holdings in iShares Russell 1000 ETF by 76.4% in the 2nd quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock valued at $29,000 after acquiring an additional 42 shares in the last quarter. Sound Income Strategies LLC raised 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 valued at $30,000 after purchasing an additional 67 shares in the last quarter. Winch Advisory Services LLC acquired a new stake in shares of iShares Russell 1000 ETF during the 3rd quarter valued at about $30,000. Finally, Clarkston Capital Partners LLC acquired a new stake in iShares Russell 1000 ETF during the third quarter valued at approximately $32,000.

iShares Russell 1000 ETF Stock Performance

IWB opened at $325.40 on Thursday. The firm has a market cap of $39.94 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a twelve month low of $247.92 and a twelve month high of $330.43. The firm’s 50-day simple moving average is $317.23 and its 200-day simple moving average is $304.10.

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.