Meridian Wealth Management LLC Takes $1.32 Million Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Meridian Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,211 shares of the company’s stock, valued at approximately $1,324,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IWB. Cypress Wealth Services LLC raised its stake in iShares Russell 1000 ETF by 0.7% in the third quarter. Cypress Wealth Services LLC now owns 4,960 shares of the company’s stock worth $1,559,000 after buying an additional 33 shares in the last quarter. WealthPLAN Partners LLC raised its stake in iShares Russell 1000 ETF by 2.1% in the second quarter. WealthPLAN Partners LLC now owns 1,703 shares of the company’s stock worth $507,000 after buying an additional 35 shares in the last quarter. Evensky & Katz LLC raised its stake in iShares Russell 1000 ETF by 0.3% in the third quarter. Evensky & Katz LLC now owns 10,201 shares of the company’s stock worth $3,207,000 after buying an additional 35 shares in the last quarter. Lansing Street Advisors raised its stake in iShares Russell 1000 ETF by 0.3% in the third quarter. Lansing Street Advisors now owns 10,144 shares of the company’s stock worth $3,189,000 after buying an additional 35 shares in the last quarter. Finally, Riverpoint Wealth Management Holdings LLC raised its stake in iShares Russell 1000 ETF by 0.3% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 10,720 shares of the company’s stock worth $3,370,000 after buying an additional 36 shares in the last quarter.

iShares Russell 1000 ETF Price Performance

IWB stock opened at $328.90 on Friday. iShares Russell 1000 ETF has a 1 year low of $248.88 and a 1 year high of $330.43. The company has a market cap of $40.37 billion, a P/E ratio of 24.68 and a beta of 1.01. The firm has a 50-day moving average of $318.08 and a 200 day moving average of $304.57.

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.