SCS Capital Management LLC Reduces Position in iShares Russell 1000 ETF $IWB

SCS Capital Management LLC decreased its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,136 shares of the company’s stock after selling 2,393 shares during the quarter. SCS Capital Management LLC’s holdings in iShares Russell 1000 ETF were worth $18,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optima Capital LLC acquired a new position in shares of iShares Russell 1000 ETF during the 4th quarter valued at about $32,000. True Wealth Design LLC acquired a new position in shares of iShares Russell 1000 ETF during the 4th quarter valued at about $32,000. Allspring Global Investments Holdings LLC boosted its position in shares of iShares Russell 1000 ETF by 78.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 116 shares of the company’s stock valued at $43,000 after acquiring an additional 51 shares during the last quarter. Horizon Investments LLC acquired a new position in shares of iShares Russell 1000 ETF during the 4th quarter valued at about $47,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in shares of iShares Russell 1000 ETF during the 3rd quarter valued at about $48,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB stock opened at $412.91 on Monday. The company’s 50-day moving average price is $384.38 and its 200-day moving average price is $377.74. The stock has a market cap of $48.58 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a twelve month low of $320.46 and a twelve month high of $413.52.

iShares Russell 1000 ETF 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.