NorthRock Partners LLC Cuts Stake in iShares Russell 1000 ETF $IWB

NorthRock Partners LLC trimmed its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 295,228 shares of the company’s stock after selling 3,034 shares during the period. iShares Russell 1000 ETF makes up about 1.8% of NorthRock Partners LLC’s investment portfolio, making the stock its 15th largest holding. NorthRock Partners LLC owned 0.25% of iShares Russell 1000 ETF worth $120,896,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IWB. Bank of America Corp DE boosted its stake in shares of iShares Russell 1000 ETF by 14.9% in the 2nd quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after buying an additional 616,717 shares during the last quarter. Allstate Corp raised its stake in shares of iShares Russell 1000 ETF by 125.4% in the fourth quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock worth $402,632,000 after buying an additional 599,755 shares during the period. Fifth Third Bancorp lifted its stake in shares of iShares Russell 1000 ETF by 145.7% during the 1st quarter. Fifth Third Bancorp now owns 849,980 shares of the company’s stock valued at $303,069,000 after buying an additional 504,045 shares in the last quarter. Millennium Management LLC bought a new position in iShares Russell 1000 ETF in the 4th quarter worth $169,963,000. Finally, Orion Porfolio Solutions LLC lifted its holdings in iShares Russell 1000 ETF by 506.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock worth $102,590,000 after purchasing an additional 252,307 shares in the last quarter.

iShares Russell 1000 ETF Price Performance

Shares of IWB opened at $419.05 on Wednesday. The company has a 50 day simple moving average of $415.08 and a two-hundred day simple moving average of $396.85. iShares Russell 1000 ETF has a 1 year low of $345.21 and a 1 year high of $426.92. The firm has a market cap of $49.53 billion, a P/E ratio of 24.71 and a beta of 1.00.

iShares Russell 1000 ETF 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.