Wernau Asset Management Inc. Purchases New Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Wernau Asset Management Inc. purchased a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,060 shares of the company’s stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IWB. Clarkston Capital Partners LLC purchased a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at about $32,000. Archer Investment Corp purchased a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at about $37,000. Crews Bank & Trust purchased a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $37,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $39,000.

iShares Russell 1000 ETF Stock Performance

Shares of NYSEARCA:IWB opened at $326.39 on Monday. The company has a 50-day simple moving average of $329.40 and a 200-day simple moving average of $321.86. iShares Russell 1000 ETF has a one year low of $271.54 and a one year high of $337.76. The stock has a market capitalization of $38.74 billion, a price-to-earnings ratio of 26.23 and a beta of 1.03.

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.