Franklin Resources Inc. lifted its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB – Free Report) by 50.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,728 shares of the company’s stock after buying an additional 7,924 shares during the period. Franklin Resources Inc.’s holdings in iShares Russell 1000 ETF were worth $7,644,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Millstone Evans Group LLC acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at $29,000. Crews Bank & Trust acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at $37,000. Golden State Wealth Management LLC acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at $37,000. Centricity Wealth Management LLC acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at $39,000. Finally, Kestra Investment Management LLC acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at $39,000.
iShares Russell 1000 ETF Stock Up 9.4 %
NYSEARCA IWB opened at $298.05 on Thursday. The company has a market capitalization of $36.11 billion, a price-to-earnings ratio of 24.07 and a beta of 1.03. iShares Russell 1000 ETF has a twelve month low of $264.17 and a twelve month high of $337.76. The stock has a fifty day simple moving average of $315.59 and a 200 day simple moving average of $321.40.
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.
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