Portfolio Resources Advisor Group Inc. Invests $4.89 Million in iShares Russell 1000 ETF $IWB

Portfolio Resources Advisor Group Inc. bought a new position in iShares Russell 1000 ETF (NYSEARCA:IWB) during the 4th quarter, Holdings Channel.com reports. The firm bought 13,087 shares of the company’s stock, valued at approximately $4,887,000. iShares Russell 1000 ETF accounts for about 4.9% of Portfolio Resources Advisor Group Inc.’s portfolio, making the stock its 7th largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. REAP Financial Group LLC bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter worth approximately $28,000. Advocate Investing Services LLC bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter worth approximately $31,000. Optima Capital LLC bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter worth approximately $32,000. True Wealth Design LLC bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter worth approximately $32,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of iShares Russell 1000 ETF by 78.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 116 shares of the company’s stock worth $43,000 after purchasing an additional 51 shares during the last quarter.

iShares Russell 1000 ETF Stock Performance

Shares of iShares Russell 1000 ETF stock opened at $405.61 on Monday. The stock has a market capitalization of $47.72 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The company’s 50 day moving average price is $394.63 and its 200-day moving average price is $380.65. iShares Russell 1000 ETF has a 52-week low of $325.31 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.