iShares Russell 1000 ETF $IWB Stock Position Lowered by Legacy Wealth Management LLC

Legacy Wealth Management LLC cut its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.8% during the second quarter, HoldingsChannel reports. The fund owned 702,613 shares of the company’s stock after selling 5,589 shares during the period. iShares Russell 1000 ETF comprises 15.1% of Legacy Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Legacy Wealth Management LLC’s holdings in iShares Russell 1000 ETF were worth $287,720,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IWB. Bank of America Corp DE increased its stake in iShares Russell 1000 ETF by 14.9% during the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after acquiring an additional 616,717 shares during the last quarter. Allstate Corp lifted its stake in shares of iShares Russell 1000 ETF by 125.4% in the 4th quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock valued at $402,632,000 after purchasing an additional 599,755 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of iShares Russell 1000 ETF by 145.7% in the 1st quarter. Fifth Third Bancorp now owns 849,980 shares of the company’s stock valued at $303,069,000 after purchasing an additional 504,045 shares during the last quarter. Millennium Management LLC purchased a new position in shares of iShares Russell 1000 ETF during the 4th quarter worth $169,963,000. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of iShares Russell 1000 ETF by 506.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock worth $102,590,000 after purchasing an additional 252,307 shares during the period.

iShares Russell 1000 ETF Stock Performance

Shares of NYSEARCA:IWB opened at $423.44 on Monday. The business has a 50-day moving average price of $408.60 and a 200 day moving average price of $390.05. The company has a market capitalization of $50.05 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 12-month low of $345.21 and a 12-month high of $424.94.

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.