Kovack Advisors Inc. Sells 196 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Kovack Advisors Inc. lowered its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,074 shares of the company’s stock after selling 196 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Russell 1000 ETF were worth $2,117,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in IWB. Mascoma Wealth Management LLC bought a new position in iShares Russell 1000 ETF during the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new position in iShares Russell 1000 ETF during the third quarter worth about $28,000. Baystate Wealth Management LLC boosted its position in iShares Russell 1000 ETF by 70.8% during the fourth quarter. Baystate Wealth Management LLC now owns 123 shares of the company’s stock worth $32,000 after purchasing an additional 51 shares during the period. Stonebridge Capital Advisors LLC boosted its position in iShares Russell 1000 ETF by 113.0% during the third quarter. Stonebridge Capital Advisors LLC now owns 196 shares of the company’s stock worth $46,000 after purchasing an additional 104 shares during the period. Finally, Eukles Asset Management boosted its position in iShares Russell 1000 ETF by 54.7% during the third quarter. Eukles Asset Management now owns 263 shares of the company’s stock worth $62,000 after purchasing an additional 93 shares during the period.

iShares Russell 1000 ETF Price Performance

NYSEARCA:IWB traded up $2.59 on Friday, reaching $279.39. 541,953 shares of the company’s stock were exchanged, compared to its average volume of 721,134. The firm has a market cap of $34.41 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. iShares Russell 1000 ETF has a 52 week low of $221.31 and a 52 week high of $288.75. The stock has a fifty day simple moving average of $281.46 and a 200-day simple moving average of $263.51.

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.