iShares Russell 1000 ETF $IWB Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,322,245 shares of the company’s stock after selling 15,305 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 1.07% of iShares Russell 1000 ETF worth $493,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in iShares Russell 1000 ETF during the 4th quarter valued at approximately $32,000. Optima Capital LLC acquired a new stake in iShares Russell 1000 ETF during the 4th quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC grew its stake in iShares Russell 1000 ETF by 78.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 116 shares of the company’s stock worth $43,000 after purchasing an additional 51 shares in the last quarter. Horizon Investments LLC acquired a new position in iShares Russell 1000 ETF in the fourth quarter worth about $47,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in iShares Russell 1000 ETF in the third quarter worth about $48,000.

iShares Russell 1000 ETF Stock Performance

NYSEARCA:IWB opened at $411.66 on Friday. The company has a market capitalization of $48.43 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a one year low of $320.46 and a one year high of $412.04. The stock has a 50-day simple moving average of $383.35 and a 200 day simple moving average of $377.46.

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.