Merit Financial Group LLC Grows Stock Holdings in iShares Russell 1000 ETF (NYSEARCA:IWB)

Merit Financial Group LLC grew its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,633 shares of the company’s stock after acquiring an additional 497 shares during the period. Merit Financial Group LLC’s holdings in iShares Russell 1000 ETF were worth $2,526,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Pinnacle Associates Ltd. increased its position in iShares Russell 1000 ETF by 23.3% during the third quarter. Pinnacle Associates Ltd. now owns 1,590 shares of the company’s stock valued at $374,000 after acquiring an additional 300 shares during the last quarter. Raymond James & Associates grew its holdings in iShares Russell 1000 ETF by 3.3% during the 3rd quarter. Raymond James & Associates now owns 176,685 shares of the company’s stock valued at $41,505,000 after purchasing an additional 5,607 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in iShares Russell 1000 ETF by 4.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 1,758 shares of the company’s stock worth $413,000 after purchasing an additional 76 shares during the period. Segment Wealth Management LLC lifted its stake in iShares Russell 1000 ETF by 24.3% in the third quarter. Segment Wealth Management LLC now owns 3,028 shares of the company’s stock worth $711,000 after purchasing an additional 592 shares during the last quarter. Finally, KMG Fiduciary Partners LLC boosted its position in shares of iShares Russell 1000 ETF by 5.5% during the third quarter. KMG Fiduciary Partners LLC now owns 9,598 shares of the company’s stock valued at $2,255,000 after buying an additional 499 shares during the period.

iShares Russell 1000 ETF Trading Up 1.2 %

Shares of NYSEARCA IWB traded up $3.31 during midday trading on Friday, hitting $281.14. The company’s stock had a trading volume of 459,439 shares, compared to its average volume of 719,669. iShares Russell 1000 ETF has a 12-month low of $221.31 and a 12-month high of $288.75. The firm has a market cap of $34.51 billion, a P/E ratio of 24.68 and a beta of 1.01. The business’s 50 day moving average is $281.61 and its two-hundred day moving average is $264.59.

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.