Harbor Investment Advisory LLC Trims Position in iShares Russell 1000 ETF $IWB

Harbor Investment Advisory LLC lessened its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,071 shares of the company’s stock after selling 361 shares during the quarter. Harbor Investment Advisory LLC’s holdings in iShares Russell 1000 ETF were worth $4,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rossby Financial LCC purchased a new position in shares of iShares Russell 1000 ETF during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of iShares Russell 1000 ETF during the first quarter worth about $28,000. Woodside Wealth Management LLC purchased a new position in shares of iShares Russell 1000 ETF during the first quarter worth about $30,000. Brooklyn Investment Group purchased a new position in shares of iShares Russell 1000 ETF during the first quarter worth about $33,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of iShares Russell 1000 ETF during the fourth quarter worth about $36,000.

iShares Russell 1000 ETF Price Performance

NYSEARCA:IWB opened at $361.49 on Friday. The business has a 50 day moving average of $350.18 and a 200 day moving average of $326.56. The company has a market capitalization of $44.05 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 1-year low of $264.17 and a 1-year high of $362.42.

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.