iShares Russell 1000 ETF $IWB Stock Position Cut by Center for Wealth Management Advisory

Center for Wealth Management Advisory trimmed its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 24.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,663 shares of the company’s stock after selling 2,433 shares during the period. iShares Russell 1000 ETF comprises approximately 2.0% of Center for Wealth Management Advisory’s holdings, making the stock its 7th largest holding. Center for Wealth Management Advisory’s holdings in iShares Russell 1000 ETF were worth $2,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Focus Partners Wealth grew its position in shares of iShares Russell 1000 ETF by 86.1% during the third quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock worth $635,852,000 after buying an additional 805,083 shares in the last quarter. Bank of America Corp DE raised its holdings in iShares Russell 1000 ETF by 14.9% in the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock valued at $1,619,105,000 after acquiring an additional 616,717 shares in the last quarter. Allstate Corp raised its holdings in iShares Russell 1000 ETF by 125.4% in the fourth quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock valued at $402,632,000 after acquiring an additional 599,755 shares in the last quarter. Millennium Management LLC acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at $169,963,000. Finally, CIBC Bancorp USA Inc. bought a new position in iShares Russell 1000 ETF during the 3rd quarter valued at $133,604,000.

iShares Russell 1000 ETF Price Performance

Shares of IWB stock opened at $408.87 on Thursday. The firm has a fifty day moving average of $403.01 and a two-hundred day moving average of $383.57. The firm has a market cap of $48.10 billion, a P/E ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 1-year low of $338.92 and a 1-year high of $415.11.

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.