Iams Wealth Management LLC Takes Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Iams Wealth Management LLC acquired a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,547 shares of the company’s stock, valued at approximately $498,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IWB. Sound Income Strategies LLC lifted its stake in shares of iShares Russell 1000 ETF by 239.3% during the 3rd quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock worth $30,000 after acquiring an additional 67 shares during the last quarter. Winch Advisory Services LLC purchased a new position in iShares Russell 1000 ETF during the 3rd quarter worth $30,000. Clarkston Capital Partners LLC purchased a new position in iShares Russell 1000 ETF during the 3rd quarter worth $32,000. Archer Investment Corp purchased a new position in iShares Russell 1000 ETF during the 3rd quarter worth $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares Russell 1000 ETF during the 4th quarter worth $51,000.

iShares Russell 1000 ETF Stock Down 0.1 %

IWB opened at $332.68 on Wednesday. The stock’s fifty day moving average is $328.91 and its two-hundred day moving average is $316.20. The company has a market capitalization of $40.84 billion, a P/E ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 52 week low of $265.70 and a 52 week high of $336.61.

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.