Franklin Resources Inc. Buys 23,106 Shares of iShares Russell 1000 ETF $IWB

Franklin Resources Inc. lifted its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 75.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,804 shares of the company’s stock after acquiring an additional 23,106 shares during the quarter. Franklin Resources Inc.’s holdings in iShares Russell 1000 ETF were worth $18,270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new position in iShares Russell 1000 ETF in the 2nd quarter worth $412,262,000. Jones Financial Companies Lllp lifted its position in shares of iShares Russell 1000 ETF by 5.1% in the first quarter. Jones Financial Companies Lllp now owns 10,240,732 shares of the company’s stock valued at $3,123,735,000 after acquiring an additional 499,981 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its position in shares of iShares Russell 1000 ETF by 2,783.3% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 466,465 shares of the company’s stock valued at $158,398,000 after acquiring an additional 450,287 shares in the last quarter. Allstate Corp bought a new position in shares of iShares Russell 1000 ETF in the first quarter worth about $105,102,000. Finally, Ieq Capital LLC grew its position in shares of iShares Russell 1000 ETF by 176.0% during the first quarter. Ieq Capital LLC now owns 381,635 shares of the company’s stock worth $117,063,000 after purchasing an additional 243,360 shares in the last quarter.

iShares Russell 1000 ETF Price Performance

Shares of IWB opened at $374.44 on Friday. The firm has a market cap of $45.08 billion, a P/E ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 1 year low of $264.17 and a 1 year high of $377.77. The company has a 50 day simple moving average of $367.80 and a two-hundred day simple moving average of $350.97.

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.