McCarthy Asset Management Inc. Cuts Stock Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

McCarthy Asset Management Inc. decreased its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 11.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,911 shares of the company’s stock after selling 523 shares during the period. iShares Russell 1000 ETF accounts for about 0.9% of McCarthy Asset Management Inc.’s portfolio, making the stock its 14th largest position. McCarthy Asset Management Inc.’s holdings in iShares Russell 1000 ETF were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of IWB. Trexquant Investment LP bought a new stake in shares of iShares Russell 1000 ETF in the 4th quarter worth about $527,000. Windsor Capital Management LLC raised its position in iShares Russell 1000 ETF by 5.9% during the fourth quarter. Windsor Capital Management LLC now owns 699 shares of the company’s stock valued at $225,000 after purchasing an additional 39 shares during the period. Envestnet Asset Management Inc. raised its position in iShares Russell 1000 ETF by 9.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,682,078 shares of the company’s stock valued at $1,508,378,000 after purchasing an additional 422,237 shares during the period. Csenge Advisory Group lifted its stake in shares of iShares Russell 1000 ETF by 4.6% in the 4th quarter. Csenge Advisory Group now owns 18,215 shares of the company’s stock valued at $5,868,000 after purchasing an additional 794 shares during the last quarter. Finally, Financial Life Planners purchased a new position in shares of iShares Russell 1000 ETF in the 4th quarter worth approximately $122,000.

iShares Russell 1000 ETF Stock Performance

NYSEARCA IWB opened at $325.75 on Wednesday. The business’s 50 day moving average price is $303.64 and its 200-day moving average price is $319.23. iShares Russell 1000 ETF has a fifty-two week low of $264.17 and a fifty-two week high of $337.76. The company has a market cap of $40.44 billion, a P/E ratio of 24.42 and a beta of 1.02.

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.