Destination Wealth Management Buys 366 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Destination Wealth Management increased its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 16,881 shares of the company’s stock after acquiring an additional 366 shares during the period. Destination Wealth Management’s holdings in iShares Russell 1000 ETF were worth $5,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of IWB. US Financial Advisors LLC raised its holdings in shares of iShares Russell 1000 ETF by 2.0% in the 3rd quarter. US Financial Advisors LLC now owns 136,930 shares of the company’s stock worth $43,049,000 after purchasing an additional 2,633 shares during the period. Financial Services Advisory Inc raised its holdings in shares of iShares Russell 1000 ETF by 1.5% in the 3rd quarter. Financial Services Advisory Inc now owns 57,437 shares of the company’s stock worth $18,058,000 after purchasing an additional 834 shares during the period. JB Capital LLC raised its holdings in shares of iShares Russell 1000 ETF by 48.5% in the 3rd quarter. JB Capital LLC now owns 1,253 shares of the company’s stock worth $394,000 after purchasing an additional 409 shares during the period. Lewis Asset Management LLC bought a new stake in iShares Russell 1000 ETF during the 3rd quarter valued at $246,000. Finally, Vista Capital Partners Inc. raised its holdings in iShares Russell 1000 ETF by 106.9% during the 3rd quarter. Vista Capital Partners Inc. now owns 2,445 shares of the company’s stock valued at $769,000 after acquiring an additional 1,263 shares during the period.

iShares Russell 1000 ETF Price Performance

Shares of IWB stock opened at $314.30 on Friday. The company’s fifty day simple moving average is $328.47 and its two-hundred day simple moving average is $322.01. iShares Russell 1000 ETF has a 1 year low of $271.54 and a 1 year high of $337.76. The stock has a market capitalization of $37.31 billion, a price-to-earnings 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.