SPC Financial Inc. Invests $298,000 in iShares Russell 1000 ETF (NYSEARCA:IWB)

SPC Financial Inc. purchased a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,002 shares of the company’s stock, valued at approximately $298,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IWB. EP Wealth Advisors LLC raised its stake in iShares Russell 1000 ETF by 14.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 20,294 shares of the company’s stock valued at $6,038,000 after purchasing an additional 2,507 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in iShares Russell 1000 ETF by 14.9% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 18,293 shares of the company’s stock worth $5,443,000 after purchasing an additional 2,366 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in shares of iShares Russell 1000 ETF by 4.1% during the second quarter. Regal Investment Advisors LLC now owns 3,530 shares of the company’s stock worth $1,050,000 after buying an additional 140 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of iShares Russell 1000 ETF by 2.3% in the second quarter. Sunbelt Securities Inc. now owns 1,659 shares of the company’s stock valued at $493,000 after buying an additional 38 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank purchased a new position in shares of iShares Russell 1000 ETF in the second quarter worth about $381,000.

iShares Russell 1000 ETF Trading Down 0.9 %

Shares of NYSEARCA IWB opened at $311.63 on Wednesday. The stock has a market cap of $38.25 billion, a PE ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 12-month low of $224.41 and a 12-month high of $314.80. The company has a 50-day moving average of $302.88 and a 200 day moving average of $294.69.

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.