iShares Russell 1000 ETF (NYSEARCA:IWB) Stake Cut by Phillips Financial Management LLC

Phillips Financial Management LLC lowered its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,294 shares of the company’s stock after selling 60 shares during the period. Phillips Financial Management LLC’s holdings in iShares Russell 1000 ETF were worth $3,638,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IWB. Impact Capital Partners LLC bought a new position in iShares Russell 1000 ETF during the 4th quarter worth $256,000. Commonwealth Equity Services LLC grew its stake in shares of iShares Russell 1000 ETF by 4.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 216,785 shares of the company’s stock worth $69,840,000 after purchasing an additional 9,993 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of iShares Russell 1000 ETF by 5.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 32,347 shares of the company’s stock valued at $10,421,000 after purchasing an additional 1,761 shares during the period. Farther Finance Advisors LLC raised its stake in shares of iShares Russell 1000 ETF by 14.9% during the fourth quarter. Farther Finance Advisors LLC now owns 7,342 shares of the company’s stock valued at $2,365,000 after purchasing an additional 953 shares in the last quarter. Finally, Parkworth Wealth Management Inc. acquired a new stake in iShares Russell 1000 ETF in the fourth quarter worth about $238,000.

iShares Russell 1000 ETF Price Performance

iShares Russell 1000 ETF stock opened at $306.58 on Thursday. iShares Russell 1000 ETF has a 12-month low of $271.54 and a 12-month high of $337.76. The stock has a market capitalization of $36.39 billion, a PE ratio of 26.23 and a beta of 1.03. The firm has a 50 day simple moving average of $327.27 and a 200-day simple moving average of $322.19.

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.