Envestnet Portfolio Solutions Inc. Decreases Stock Position in iShares Russell 1000 ETF $IWB

Envestnet Portfolio Solutions Inc. trimmed its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 22.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,304 shares of the company’s stock after selling 33,332 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.10% of iShares Russell 1000 ETF worth $46,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MCF Advisors LLC lifted its holdings in shares of iShares Russell 1000 ETF by 127.6% in the 2nd quarter. MCF Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 37 shares during the last quarter. REAP Financial Group LLC bought a new position in iShares Russell 1000 ETF during the 4th quarter valued at about $28,000. Sound Income Strategies LLC bought a new position in iShares Russell 1000 ETF during the 1st quarter valued at about $28,000. Wagner Wealth Management LLC purchased a new stake in iShares Russell 1000 ETF in the 1st quarter worth about $32,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in iShares Russell 1000 ETF in the 2nd quarter worth about $36,000.

iShares Russell 1000 ETF Stock Performance

NYSEARCA IWB traded down $3.10 during trading on Wednesday, hitting $419.35. The stock had a trading volume of 255,958 shares, compared to its average volume of 1,064,379. iShares Russell 1000 ETF has a one year low of $345.21 and a one year high of $426.92. The stock has a 50 day simple moving average of $416.37 and a 200 day simple moving average of $399.69. The stock has a market capitalization of $49.29 billion, a price-to-earnings 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.