iShares Russell 1000 ETF $IWB Stock: Legacy Wealth Management LLC Cuts Holdings

Legacy Wealth Management LLC lowered its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 697,547 shares of the company’s stock after selling 5,066 shares during the quarter. iShares Russell 1000 ETF makes up about 15.3% of Legacy Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Legacy Wealth Management LLC owned about 0.60% of iShares Russell 1000 ETF worth $290,270,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IWB. MCF Advisors LLC increased its position in iShares Russell 1000 ETF by 127.6% during the second quarter. MCF Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 37 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of iShares Russell 1000 ETF in the first quarter worth $28,000. Planning Strategies Inc. purchased a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at $30,000. Wagner Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 ETF in the first quarter valued at $32,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of iShares Russell 1000 ETF in the second quarter valued at $36,000.

iShares Russell 1000 ETF Stock Down 0.5%

IWB opened at $415.35 on Friday. The firm has a market cap of $48.41 billion, a P/E ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 52 week low of $345.21 and a 52 week high of $427.04. The business’s fifty day simple moving average is $419.60 and its 200 day simple moving average is $408.89.

About iShares Russell 1000 ETF

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.