iShares Russell 1000 ETF $IWB Shares Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC boosted its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 365.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,184 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares Russell 1000 ETF were worth $1,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IWB. Bridgewater Advisors Inc. boosted its position in shares of iShares Russell 1000 ETF by 31.6% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,323 shares of the company’s stock worth $472,000 after acquiring an additional 318 shares in the last quarter. Sentinel Advisory Group LLC acquired a new stake in shares of iShares Russell 1000 ETF during the 1st quarter worth about $3,768,000. Compound Planning Inc. raised its position in shares of iShares Russell 1000 ETF by 69.4% during the 1st quarter. Compound Planning Inc. now owns 22,016 shares of the company’s stock worth $7,850,000 after acquiring an additional 9,021 shares in the last quarter. Klingman & Associates LLC lifted its stake in iShares Russell 1000 ETF by 1.1% during the first quarter. Klingman & Associates LLC now owns 22,034 shares of the company’s stock worth $7,856,000 after purchasing an additional 230 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its stake in iShares Russell 1000 ETF by 16.6% during the first quarter. Modern Wealth Management LLC now owns 7,506 shares of the company’s stock worth $2,697,000 after purchasing an additional 1,066 shares during the last quarter.

iShares Russell 1000 ETF Stock Down 1.6%

Shares of IWB opened at $399.27 on Thursday. The stock has a 50 day moving average price of $407.51 and a 200 day moving average price of $388.24. The company has a market capitalization of $47.13 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 52-week low of $340.11 and a 52-week high of $415.11.

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.