Advance Capital Management Inc. Raises Position in iShares Russell 1000 ETF $IWB

Advance Capital Management Inc. grew its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 35,283 shares of the company’s stock after purchasing an additional 277 shares during the period. iShares Russell 1000 ETF comprises 0.5% of Advance Capital Management Inc.’s investment portfolio, making the stock its 18th largest position. Advance Capital Management Inc.’s holdings in iShares Russell 1000 ETF were worth $11,981,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in iShares Russell 1000 ETF during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of iShares Russell 1000 ETF during the first quarter valued at $28,000. Woodside Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 ETF during the first quarter valued at $30,000. Brooklyn Investment Group bought a new stake in iShares Russell 1000 ETF in the 1st quarter worth about $33,000. Finally, Fourth Dimension Wealth LLC purchased a new position in iShares Russell 1000 ETF in the 4th quarter worth about $36,000.

iShares Russell 1000 ETF Stock Performance

IWB opened at $361.49 on Monday. The stock has a market capitalization of $44.05 billion, a P/E ratio of 24.71 and a beta of 1.01. The company’s 50-day simple moving average is $350.18 and its two-hundred day simple moving average is $326.59. iShares Russell 1000 ETF has a 52-week low of $264.17 and a 52-week high of $362.42.

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.