Ferguson Wellman Capital Management Inc. Has $2.41 Million Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Ferguson Wellman Capital Management Inc. lowered its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,857 shares of the company’s stock after selling 190 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in iShares Russell 1000 ETF were worth $2,410,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Redwood Park Advisors LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $27,000. Millstone Evans Group LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $36,000. Centricity Wealth Management LLC bought a new position in shares of iShares Russell 1000 ETF in the 4th quarter valued at $39,000. Finally, Kestra Investment Management LLC bought a new position in shares of iShares Russell 1000 ETF in the 4th quarter valued at $39,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $331.64 on Friday. iShares Russell 1000 ETF has a 52 week low of $264.17 and a 52 week high of $337.76. The stock has a market capitalization of $40.44 billion, a price-to-earnings ratio of 24.42 and a beta of 1.02. The stock has a fifty day moving average of $310.44 and a 200-day moving average of $319.26.

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.