LGT Financial Advisors LLC Trims Stock Holdings in iShares Russell 1000 ETF $IWB

LGT Financial Advisors LLC decreased its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,415 shares of the company’s stock after selling 38 shares during the period. iShares Russell 1000 ETF makes up approximately 1.2% of LGT Financial Advisors LLC’s holdings, making the stock its 21st largest position. LGT Financial Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $481,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its stake in iShares Russell 1000 ETF by 24.2% in the 2nd quarter. Bogart Wealth LLC now owns 2,018 shares of the company’s stock valued at $685,000 after buying an additional 393 shares during the period. Fairway Wealth LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 2nd quarter worth $137,000. Crewe Advisors LLC boosted its holdings in shares of iShares Russell 1000 ETF by 63.4% in the second quarter. Crewe Advisors LLC now owns 1,415 shares of the company’s stock valued at $480,000 after acquiring an additional 549 shares in the last quarter. Arbor Investment Advisors LLC boosted its holdings in shares of iShares Russell 1000 ETF by 0.5% in the second quarter. Arbor Investment Advisors LLC now owns 346,676 shares of the company’s stock valued at $117,721,000 after acquiring an additional 1,660 shares in the last quarter. Finally, WBH Advisory Inc. acquired a new position in shares of iShares Russell 1000 ETF during the second quarter worth about $333,000.

iShares Russell 1000 ETF Trading Up 1.0%

Shares of IWB stock opened at $368.39 on Tuesday. The stock has a 50 day simple moving average of $360.08 and a 200-day simple moving average of $336.63. The company has a market cap of $44.08 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 12-month low of $264.17 and a 12-month 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.