Mittelman Wealth Management Buys 999 Shares of iShares Russell 1000 ETF $IWB

Mittelman Wealth Management boosted its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 73.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,352 shares of the company’s stock after buying an additional 999 shares during the quarter. iShares Russell 1000 ETF accounts for 0.7% of Mittelman Wealth Management’s portfolio, making the stock its 17th biggest position. Mittelman Wealth Management’s holdings in iShares Russell 1000 ETF were worth $799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Capital Management LLC boosted its stake in shares of iShares Russell 1000 ETF by 11.4% during the second quarter. Advisors Capital Management LLC now owns 4,541 shares of the company’s stock valued at $1,542,000 after purchasing an additional 465 shares during the period. Avalon Trust Co bought a new stake in iShares Russell 1000 ETF during the 2nd quarter valued at $97,000. Petix & Botte Co purchased a new stake in iShares Russell 1000 ETF during the 2nd quarter valued at $223,000. Calamos Advisors LLC boosted its position in iShares Russell 1000 ETF by 5.0% during the 2nd quarter. Calamos Advisors LLC now owns 741 shares of the company’s stock valued at $252,000 after buying an additional 35 shares during the period. Finally, Bailard Inc. bought a new stake in iShares Russell 1000 ETF in the 2nd quarter worth $228,000.

iShares Russell 1000 ETF Trading Down 1.7%

IWB stock opened at $368.04 on Friday. The stock has a market capitalization of $44.31 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. The firm’s 50-day moving average price is $366.57 and its two-hundred day moving average price is $346.57. iShares Russell 1000 ETF has a 12-month low of $264.17 and a 12-month high of $377.77.

iShares Russell 1000 ETF Company 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.