Valmark Advisers Inc. Acquires 717 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Valmark Advisers Inc. increased its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 28.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,204 shares of the company’s stock after purchasing an additional 717 shares during the period. Valmark Advisers Inc.’s holdings in iShares Russell 1000 ETF were worth $1,032,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Winch Advisory Services LLC bought a new stake in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $30,000. Clarkston Capital Partners LLC bought a new stake in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $32,000. Golden State Wealth Management LLC bought a new stake in shares of iShares Russell 1000 ETF during the fourth quarter valued at approximately $37,000. Crews Bank & Trust bought a new stake in shares of iShares Russell 1000 ETF during the fourth quarter valued at approximately $37,000. Finally, Archer Investment Corp bought a new stake in shares of iShares Russell 1000 ETF during the third quarter valued at approximately $37,000.

iShares Russell 1000 ETF Price Performance

Shares of IWB stock opened at $336.03 on Tuesday. The stock’s fifty day simple moving average is $329.33 and its 200 day simple moving average is $319.09. The firm has a market cap of $41.25 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a one year low of $271.54 and a one year high of $336.69.

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.