Envestnet Asset Management Inc. Reduces Stock Position in iShares Russell 1000 ETF $IWB

Envestnet Asset Management Inc. reduced its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,908,505 shares of the company’s stock after selling 434,737 shares during the period. Envestnet Asset Management Inc. owned approximately 3.32% of iShares Russell 1000 ETF worth $1,600,533,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MCF Advisors LLC lifted its holdings in iShares Russell 1000 ETF by 127.6% during the 2nd quarter. MCF Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 37 shares in the last quarter. REAP Financial Group LLC purchased a new position in iShares Russell 1000 ETF during the 4th quarter valued at about $28,000. Sound Income Strategies LLC bought a new stake in shares of iShares Russell 1000 ETF during the first quarter valued at about $28,000. Wagner Wealth Management LLC bought a new stake in shares of iShares Russell 1000 ETF during the first quarter valued at about $32,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of iShares Russell 1000 ETF during the second quarter valued at about $36,000.

iShares Russell 1000 ETF Trading Down 0.7%

Shares of iShares Russell 1000 ETF stock traded down $3.10 on Wednesday, reaching $419.35. The stock had a trading volume of 255,958 shares, compared to its average volume of 1,064,379. The business’s 50 day moving average is $416.37 and its two-hundred day moving average is $399.69. iShares Russell 1000 ETF has a 1 year low of $345.21 and a 1 year high of $426.92. The company has a market cap of $49.29 billion, a P/E ratio of 24.71 and a beta of 1.00.

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.