iShares Russell 1000 ETF $IWB Stake Lessened by Brown Financial Advisory

Brown Financial Advisory reduced its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 29,407 shares of the company’s stock after selling 97 shares during the period. iShares Russell 1000 ETF accounts for approximately 5.5% of Brown Financial Advisory’s investment portfolio, making the stock its 4th largest holding. Brown Financial Advisory’s holdings in iShares Russell 1000 ETF were worth $9,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sagespring Wealth Partners LLC boosted its stake in shares of iShares Russell 1000 ETF by 20.1% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,760 shares of the company’s stock worth $1,277,000 after buying an additional 629 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of iShares Russell 1000 ETF by 0.4% in the 2nd quarter. Wilmington Savings Fund Society FSB now owns 86,027 shares of the company’s stock worth $29,212,000 after buying an additional 382 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of iShares Russell 1000 ETF by 23.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 4,764 shares of the company’s stock worth $1,618,000 after buying an additional 908 shares during the last quarter. Cornerstone Wealth Group LLC boosted its stake in shares of iShares Russell 1000 ETF by 11.1% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 64,881 shares of the company’s stock worth $22,032,000 after buying an additional 6,475 shares during the last quarter. Finally, NorthRock Partners LLC lifted its position in iShares Russell 1000 ETF by 4.3% during the second quarter. NorthRock Partners LLC now owns 75,691 shares of the company’s stock valued at $25,703,000 after purchasing an additional 3,086 shares in the last quarter.

iShares Russell 1000 ETF Stock Down 0.1%

Shares of IWB opened at $363.66 on Wednesday. The business has a 50-day simple moving average of $358.74 and a two-hundred day simple moving average of $334.55. The stock has a market cap of $43.22 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 $369.87.

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.