Founders Financial Securities LLC Invests $564,000 in iShares Russell 1000 ETF $IWB

Founders Financial Securities LLC purchased a new position in iShares Russell 1000 ETF (NYSEARCA:IWB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,510 shares of the company’s stock, valued at approximately $564,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IWB. Brighton Jones LLC lifted its stake in shares of iShares Russell 1000 ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock worth $58,807,000 after buying an additional 6,006 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of iShares Russell 1000 ETF by 56.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock worth $486,000 after buying an additional 542 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of iShares Russell 1000 ETF by 32.3% in the second quarter. First Trust Advisors LP now owns 1,307 shares of the company’s stock worth $444,000 after buying an additional 319 shares in the last quarter. Jump Financial LLC purchased a new position in shares of iShares Russell 1000 ETF in the second quarter worth about $2,403,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of iShares Russell 1000 ETF by 18.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,418 shares of the company’s stock worth $1,161,000 after buying an additional 535 shares in the last quarter.

iShares Russell 1000 ETF Trading Up 0.2%

NYSEARCA:IWB opened at $414.78 on Wednesday. The company’s 50-day moving average price is $385.44 and its 200-day moving average price is $378.02. The company has a market cap of $48.80 billion, a P/E ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a twelve month low of $325.07 and a twelve month high of $415.11.

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.