Pinnacle Financial Partners Inc Grows Holdings in iShares Russell 1000 ETF (NYSEARCA:IWB)

Pinnacle Financial Partners Inc lifted its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,762 shares of the company’s stock after buying an additional 60 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares Russell 1000 ETF were worth $1,183,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cypress Wealth Services LLC increased its stake in iShares Russell 1000 ETF by 0.7% in the third quarter. Cypress Wealth Services LLC now owns 4,960 shares of the company’s stock valued at $1,559,000 after purchasing an additional 33 shares during the last quarter. WealthPLAN Partners LLC increased its stake in shares of iShares Russell 1000 ETF by 2.1% during the 2nd quarter. WealthPLAN Partners LLC now owns 1,703 shares of the company’s stock valued at $507,000 after acquiring an additional 35 shares during the last quarter. Evensky & Katz LLC increased its stake in shares of iShares Russell 1000 ETF by 0.3% during the 3rd quarter. Evensky & Katz LLC now owns 10,201 shares of the company’s stock valued at $3,207,000 after acquiring an additional 35 shares during the last quarter. Lansing Street Advisors boosted its position in shares of iShares Russell 1000 ETF by 0.3% in the third quarter. Lansing Street Advisors now owns 10,144 shares of the company’s stock worth $3,189,000 after acquiring an additional 35 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC grew its holdings in iShares Russell 1000 ETF by 0.3% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 10,720 shares of the company’s stock valued at $3,370,000 after purchasing an additional 36 shares during the period.

iShares Russell 1000 ETF Stock Performance

Shares of IWB stock opened at $326.66 on Friday. The firm has a market capitalization of $40.10 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. The company has a 50 day moving average price of $314.76 and a 200 day moving average price of $302.47. iShares Russell 1000 ETF has a one year low of $245.70 and a one year high of $330.43.

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.