Centerline Wealth Advisors LLC Takes $11.25 Million Position in iShares Russell 1000 ETF $IWB

Centerline Wealth Advisors LLC bought a new position in iShares Russell 1000 ETF (NYSEARCA:IWB) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,477 shares of the company’s stock, valued at approximately $11,252,000. iShares Russell 1000 ETF comprises 3.5% of Centerline Wealth Advisors LLC’s portfolio, making the stock its 10th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IWB. REAP Financial Group LLC purchased a new stake in iShares Russell 1000 ETF during the 4th quarter valued at about $28,000. Sound Income Strategies LLC acquired a new stake in shares of iShares Russell 1000 ETF during the first quarter worth about $28,000. Advocate Investing Services LLC purchased a new stake in iShares Russell 1000 ETF in the fourth quarter valued at approximately $31,000. Wagner Wealth Management LLC acquired a new position in iShares Russell 1000 ETF in the 1st quarter worth approximately $32,000. Finally, Coppell Advisory Solutions LLC acquired a new position in iShares Russell 1000 ETF in the 2nd quarter worth approximately $36,000.

iShares Russell 1000 ETF Trading Down 0.6%

Shares of NYSEARCA IWB opened at $419.05 on Wednesday. The company has a 50 day simple moving average of $415.08 and a two-hundred day simple moving average of $396.85. The stock has a market cap of $49.53 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 12 month low of $345.21 and a 12 month high of $426.92.

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.