Maloon Powers Pitre Higgins & Dennehy LLC Invests $941,000 in iShares Russell 1000 ETF $IWB

Maloon Powers Pitre Higgins & Dennehy LLC bought a new position in iShares Russell 1000 ETF (NYSEARCA:IWB) in the 2nd quarter, Holdings Channel.com reports. The firm bought 2,299 shares of the company’s stock, valued at approximately $941,000.

A number of other institutional investors have also added to or reduced their stakes in IWB. Bank of America Corp DE increased its position in shares of iShares Russell 1000 ETF by 4.9% during the 1st quarter. Bank of America Corp DE now owns 5,155,585 shares of the company’s stock valued at $1,838,275,000 after purchasing an additional 240,695 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in iShares Russell 1000 ETF by 1.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,545 shares of the company’s stock worth $830,623,000 after buying an additional 32,054 shares during the last quarter. Focus Partners Wealth lifted its position in iShares Russell 1000 ETF by 12.4% in the 4th quarter. Focus Partners Wealth now owns 1,955,205 shares of the company’s stock worth $730,139,000 after buying an additional 215,456 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in iShares Russell 1000 ETF by 12.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,641,733 shares of the company’s stock worth $585,376,000 after buying an additional 179,128 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in iShares Russell 1000 ETF by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,342,895 shares of the company’s stock worth $501,491,000 after buying an additional 21,540 shares in the last quarter.

iShares Russell 1000 ETF Price Performance

Shares of NYSEARCA IWB opened at $421.50 on Friday. iShares Russell 1000 ETF has a one year low of $345.21 and a one year high of $426.92. The firm’s 50 day simple moving average is $414.58 and its two-hundred day simple moving average is $396.06. The stock has a market capitalization of $49.82 billion, a P/E ratio of 24.71 and a beta of 1.00.

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.