Abacus Planning Group Inc. Cuts Stock Position in iShares Russell 1000 ETF $IWB

Abacus Planning Group Inc. cut its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,547 shares of the company’s stock after selling 31 shares during the quarter. Abacus Planning Group Inc.’s holdings in iShares Russell 1000 ETF were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IWB. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Russell 1000 ETF in the second quarter valued at approximately $412,262,000. Jones Financial Companies Lllp increased its position in shares of iShares Russell 1000 ETF by 5.1% during the first quarter. Jones Financial Companies Lllp now owns 10,240,732 shares of the company’s stock worth $3,123,735,000 after purchasing an additional 499,981 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its position in shares of iShares Russell 1000 ETF by 2,783.3% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 466,465 shares of the company’s stock worth $158,398,000 after purchasing an additional 450,287 shares in the last quarter. Allstate Corp purchased a new stake in shares of iShares Russell 1000 ETF during the first quarter worth approximately $105,102,000. Finally, Ieq Capital LLC increased its position in shares of iShares Russell 1000 ETF by 176.0% during the first quarter. Ieq Capital LLC now owns 381,635 shares of the company’s stock worth $117,063,000 after purchasing an additional 243,360 shares in the last quarter.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $367.43 on Friday. iShares Russell 1000 ETF has a one year low of $264.17 and a one year high of $367.99. The stock has a market capitalization of $44.77 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. The stock has a 50 day moving average price of $355.76 and a 200 day moving average price of $331.35.

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.