JMG Financial Group Ltd. Decreases Position in iShares Russell 1000 ETF $IWB

JMG Financial Group Ltd. cut its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,970 shares of the company’s stock after selling 3,822 shares during the quarter. iShares Russell 1000 ETF makes up approximately 0.4% of JMG Financial Group Ltd.’s portfolio, making the stock its 23rd largest holding. JMG Financial Group Ltd.’s holdings in iShares Russell 1000 ETF were worth $13,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IWB. True Wealth Design LLC purchased a new position in iShares Russell 1000 ETF in the 4th quarter valued at about $32,000. Optima Capital LLC acquired a new stake in iShares Russell 1000 ETF in the 4th quarter valued at about $32,000. Allspring Global Investments Holdings LLC raised its holdings in iShares Russell 1000 ETF by 78.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 116 shares of the company’s stock valued at $43,000 after acquiring an additional 51 shares during the last quarter. Horizon Investments LLC acquired a new stake in iShares Russell 1000 ETF in the 4th quarter valued at about $47,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in iShares Russell 1000 ETF in the 3rd quarter valued at about $48,000.

iShares Russell 1000 ETF Stock Performance

IWB stock opened at $412.91 on Monday. The company has a market cap of $48.58 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 12 month low of $320.46 and a 12 month high of $413.52. The firm has a 50-day moving average of $384.38 and a two-hundred day moving average of $377.74.

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.