Modera Wealth Management LLC Makes New $27.99 Million Investment in iShares Russell 1000 ETF $IWB

Modera Wealth Management LLC bought a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,271 shares of the company’s stock, valued at approximately $27,994,000. Modera Wealth Management LLC owned approximately 0.06% of iShares Russell 1000 ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its position in iShares Russell 1000 ETF by 3,569.7% during the third quarter. International Assets Investment Management LLC now owns 20,000 shares of the company’s stock valued at $8,323,000 after buying an additional 19,455 shares during the period. Cranbrook Wealth Management LLC purchased a new stake in iShares Russell 1000 ETF in the 3rd quarter worth about $2,810,000. Choreo LLC boosted its position in iShares Russell 1000 ETF by 6.3% during the 3rd quarter. Choreo LLC now owns 148,236 shares of the company’s stock worth $61,686,000 after acquiring an additional 8,730 shares during the period. Livelsberger Financial Advisory acquired a new stake in iShares Russell 1000 ETF during the 3rd quarter worth about $30,000. Finally, D.A. Davidson & CO. acquired a new stake in iShares Russell 1000 ETF during the 3rd quarter worth about $2,601,000.

iShares Russell 1000 ETF Price Performance

NYSEARCA:IWB opened at $413.05 on Friday. iShares Russell 1000 ETF has a fifty-two week low of $345.21 and a fifty-two week high of $427.04. The stock’s 50-day moving average is $419.39 and its two-hundred day moving average is $398.60. The stock has a market cap of $48.12 billion, a PE ratio of 24.71 and a beta of 1.00.

iShares Russell 1000 ETF Company Profile

(Free Report)

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.

Further Reading

• Five stocks we like better than iShares Russell 1000 ETF
• Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
• DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
• FTC Puts A Wrinkle In the Cintas and UniFirst Merger
• Breaching the Valuation: The Real Reason Fortinet Dropped

Want to see what other hedge funds are holding IWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell 1000 ETF (NYSEARCA:IWB – Free Report).