Legacy Wealth Management Inc Has $247.50 Million Position in iShares Russell 1000 ETF $IWB

Legacy Wealth Management Inc decreased its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 728,850 shares of the company’s stock after selling 29,478 shares during the quarter. iShares Russell 1000 ETF comprises approximately 15.4% of Legacy Wealth Management Inc’s investment portfolio, making the stock its 2nd largest position. Legacy Wealth Management Inc’s holdings in iShares Russell 1000 ETF were worth $247,496,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IWB. Kingstone Capital Partners Texas LLC bought a new position in iShares Russell 1000 ETF during the 2nd quarter worth approximately $412,262,000. Jones Financial Companies Lllp raised its holdings in iShares Russell 1000 ETF by 5.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,240,732 shares of the company’s stock worth $3,123,735,000 after purchasing an additional 499,981 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its holdings in iShares Russell 1000 ETF by 2,783.3% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 466,465 shares of the company’s stock worth $158,398,000 after purchasing an additional 450,287 shares during the last quarter. Allstate Corp bought a new position in iShares Russell 1000 ETF during the 1st quarter worth approximately $105,102,000. Finally, Ieq Capital LLC grew its position in shares of iShares Russell 1000 ETF by 176.0% during the 1st quarter. Ieq Capital LLC now owns 381,635 shares of the company’s stock worth $117,063,000 after buying an additional 243,360 shares during the period.

iShares Russell 1000 ETF Stock Up 0.2%

Shares of IWB stock opened at $364.49 on Tuesday. The company has a market cap of $44.41 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 52 week low of $264.17 and a 52 week high of $366.84. The firm has a 50 day moving average of $354.62 and a 200-day moving average of $330.47.

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.