Cornerstone Wealth Group LLC Has $17.92 Million Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Cornerstone Wealth Group LLC lowered its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,406 shares of the company’s stock after selling 3,118 shares during the period. iShares Russell 1000 ETF comprises 1.5% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 11th largest holding. Cornerstone Wealth Group LLC’s holdings in iShares Russell 1000 ETF were worth $17,915,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Trexquant Investment LP acquired a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at $527,000. Envestnet Asset Management Inc. lifted its position in iShares Russell 1000 ETF by 9.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,682,078 shares of the company’s stock worth $1,508,378,000 after buying an additional 422,237 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in iShares Russell 1000 ETF by 9.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 20,454 shares of the company’s stock worth $6,589,000 after buying an additional 1,735 shares in the last quarter. Sowell Financial Services LLC acquired a new position in iShares Russell 1000 ETF during the 1st quarter worth about $598,000. Finally, Ritholtz Wealth Management lifted its position in iShares Russell 1000 ETF by 24.4% during the 1st quarter. Ritholtz Wealth Management now owns 1,238 shares of the company’s stock worth $380,000 after buying an additional 243 shares in the last quarter.

iShares Russell 1000 ETF Stock Up 1.1%

Shares of NYSEARCA IWB opened at $329.86 on Tuesday. The firm’s 50-day simple moving average is $316.05 and its 200 day simple moving average is $318.82. The company has a market cap of $40.24 billion, a price-to-earnings ratio of 24.71 and a beta of 1.02. iShares Russell 1000 ETF has a 12-month low of $264.17 and a 12-month high of $337.76.

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.