New Century Financial Group LLC Increases Its Investment in iShares Russell 1000 ETF (NYSEARCA:IWB)

New Century Financial Group LLC has raised its investment in the iShares Russell 1000 ETF (NYSEARCA:IWB) by 17.6% during the third quarter, as reported in their latest filing with the SEC. After acquiring an additional 154 shares in the quarter, the fund now holds a total of 1,029 shares of the ETF, which are valued at approximately $324,000 as of the close of the reporting period.

Additionally, several other institutional investors have adjusted their stakes in the iShares Russell 1000 ETF. For instance, LRI Investments LLC entered a new position in the ETF during the first quarter with an approximated value of $27,000. Transcendent Capital Group LLC significantly increased its holdings by 76.4% in the second quarter, leading to ownership of 97 shares valued at $29,000 after adding 42 shares during that quarter. Similarly, Sound Income Strategies LLC expanded its shares in the ETF by 239.3% in the third quarter, having acquired 67 additional shares to reach a total of 95 shares worth $30,000.

Other noteworthy changes include Rosenberg Matthew Hamilton's 176.7% increase in its holdings during the second quarter, now owning 119 shares valued at $35,000 after buying 76 extra shares. Strategic Financial Concepts LLC also recently acquired a stake in the ETF worth around $54,000 during the second quarter.

Recent Price Movement of iShares Russell 1000 ETF

As for the performance of the iShares Russell 1000 ETF, its shares opened at $320.80 on Monday. The 50-day moving average currently stands at $308.81, while the 200-day moving average is at $297.42. Over the past year, the ETF has experienced a low of $224.41 and a high of $321.24. The ETF has a market capitalization of $39.38 billion and a price-to-earnings (P/E) ratio of 24.68, with a beta of 1.01.

About iShares Russell 1000 ETF

The iShares Russell 1000 ETF, formerly known as the iShares Russell 1000 Index Fund, is an exchange-traded fund that aims to mirror the performance of the Russell 1000 Index. This index tracks the large-cap sector of the U.S. equity market and includes the stocks of roughly the 1,000 largest companies in the Russell 3000 Index.

investment, ETF, finance