Financial Management Professionals Inc. Sells 588 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Financial Management Professionals Inc. cut its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 108,702 shares of the company’s stock after selling 588 shares during the quarter. iShares Russell 1000 ETF comprises about 4.6% of Financial Management Professionals Inc.’s holdings, making the stock its 5th largest position. Financial Management Professionals Inc.’s holdings in iShares Russell 1000 ETF were worth $31,309,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Atlantic Union Bankshares Corp bought a new position in iShares Russell 1000 ETF during the 1st quarter worth approximately $217,000. LongView Wealth Management grew its position in iShares Russell 1000 ETF by 33.7% in the 1st quarter. LongView Wealth Management now owns 2,708 shares of the company’s stock valued at $780,000 after purchasing an additional 682 shares during the period. Capital Asset Advisory Services LLC boosted its holdings in iShares Russell 1000 ETF by 5.0% during the 1st quarter. Capital Asset Advisory Services LLC now owns 3,971 shares of the company’s stock worth $1,133,000 after acquiring an additional 189 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in iShares Russell 1000 ETF during the 1st quarter worth $207,000. Finally, Revolve Wealth Partners LLC purchased a new position in iShares Russell 1000 ETF during the 1st quarter worth $281,000.

iShares Russell 1000 ETF Stock Performance

Shares of NYSEARCA:IWB opened at $297.54 on Friday. The company’s 50-day moving average is $289.10 and its 200 day moving average is $278.72. The company has a market capitalization of $36.52 billion, a P/E ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a fifty-two week low of $224.41 and a fifty-two week high of $300.83.

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.