Wealthspire Advisors LLC Reduces Stock Position in iShares Russell 1000 ETF $IWB

Wealthspire Advisors LLC decreased its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 48.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 90,318 shares of the company’s stock after selling 84,108 shares during the period. Wealthspire Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $33,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IWB. Focus Partners Wealth grew its holdings in iShares Russell 1000 ETF by 86.1% in the 3rd quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock valued at $635,852,000 after buying an additional 805,083 shares during the period. Bank of America Corp DE grew its holdings in iShares Russell 1000 ETF by 14.9% in the 2nd quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock valued at $1,619,105,000 after buying an additional 616,717 shares during the period. Allstate Corp grew its holdings in 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 buying an additional 599,755 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in iShares Russell 1000 ETF in the 3rd quarter valued at about $133,604,000. Finally, Orion Porfolio Solutions LLC grew its holdings in iShares Russell 1000 ETF by 506.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock valued at $102,590,000 after buying an additional 252,307 shares during the period.

iShares Russell 1000 ETF Price Performance

IWB opened at $405.61 on Friday. The stock has a market capitalization of $47.72 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The business has a 50-day moving average of $394.63 and a two-hundred day moving average of $380.55. iShares Russell 1000 ETF has a 12 month low of $325.31 and a 12 month high of $415.11.

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.