iShares Russell 1000 ETF $IWB Stock: New Wave Wealth Advisors LLC Lowers Holdings

New Wave Wealth Advisors LLC lessened its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 48.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,216 shares of the company’s stock after selling 5,874 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $2,640,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of iShares Russell 1000 ETF during the 3rd quarter worth about $2,627,000. GAMMA Investing LLC increased its position in shares of iShares Russell 1000 ETF by 239.3% in the second quarter. GAMMA Investing LLC now owns 1,975 shares of the company’s stock valued at $809,000 after acquiring an additional 1,393 shares during the last quarter. Corient Private Wealth LP increased its position in shares of iShares Russell 1000 ETF by 3.0% in the second quarter. Corient Private Wealth LP now owns 184,908 shares of the company’s stock valued at $75,720,000 after acquiring an additional 5,434 shares during the last quarter. Steelhead Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 ETF in the first quarter valued at about $865,000. Finally, Eastern Bank bought a new stake in iShares Russell 1000 ETF during the third quarter worth about $2,113,000.

iShares Russell 1000 ETF Stock Performance

IWB traded up $1.94 on Monday, hitting $418.71. 253,520 shares of the company were exchanged, compared to its average volume of 1,007,469. The stock’s fifty day moving average is $420.14 and its 200-day moving average is $407.14. iShares Russell 1000 ETF has a 12 month low of $345.21 and a 12 month high of $427.04. The company has a market cap of $48.80 billion, a PE ratio of 24.71 and a beta of 1.00.

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.