Financial Management Professionals Inc. Has $40.22 Million Stock Holdings in iShares Russell 1000 ETF $IWB

Financial Management Professionals Inc. lowered its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 4.3% in the second quarter, Holdings Channel reports. The firm owned 118,438 shares of the company’s stock after selling 5,289 shares during the quarter. iShares Russell 1000 ETF comprises about 4.5% of Financial Management Professionals Inc.’s holdings, making the stock its 7th biggest position. Financial Management Professionals Inc.’s holdings in iShares Russell 1000 ETF were worth $40,218,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IWB. Kingstone Capital Partners Texas LLC bought a new position in iShares Russell 1000 ETF in the second quarter valued at $412,262,000. Jones Financial Companies Lllp grew its position in iShares Russell 1000 ETF by 5.1% in the first quarter. Jones Financial Companies Lllp now owns 10,240,732 shares of the company’s stock valued at $3,123,735,000 after purchasing an additional 499,981 shares in the last quarter. Allstate Corp bought a new position in iShares Russell 1000 ETF in the first quarter valued at $105,102,000. Ieq Capital LLC grew its position in iShares Russell 1000 ETF by 176.0% in the first quarter. Ieq Capital LLC now owns 381,635 shares of the company’s stock valued at $117,063,000 after purchasing an additional 243,360 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in iShares Russell 1000 ETF by 60.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 542,758 shares of the company’s stock valued at $186,562,000 after purchasing an additional 205,101 shares in the last quarter.

iShares Russell 1000 ETF Trading Down 0.5%

iShares Russell 1000 ETF stock opened at $364.56 on Wednesday. The company has a market cap of $44.42 billion, a P/E 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 $366.84. The company has a fifty day simple moving average of $353.14 and a 200 day simple moving average of $328.71.

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.