Advisory Services Network LLC Lowers Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Advisory Services Network LLC lowered its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,154 shares of the company’s stock after selling 113 shares during the period. Advisory Services Network LLC’s holdings in iShares Russell 1000 ETF were worth $2,925,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mascoma Wealth Management LLC purchased a new position in shares of iShares Russell 1000 ETF in the 4th quarter valued at $25,000. Baystate Wealth Management LLC raised its stake in shares of iShares Russell 1000 ETF by 70.8% during the fourth quarter. Baystate Wealth Management LLC now owns 123 shares of the company’s stock valued at $32,000 after purchasing an additional 51 shares during the period. Robinson Capital Management LLC acquired a new position in shares of iShares Russell 1000 ETF during the fourth quarter worth $33,000. JNBA Financial Advisors purchased a new position in shares of iShares Russell 1000 ETF in the first quarter valued at $50,000. Finally, Concourse Financial Group Securities Inc. grew its holdings in iShares Russell 1000 ETF by 164.0% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 198 shares of the company’s stock valued at $57,000 after purchasing an additional 123 shares in the last quarter.

iShares Russell 1000 ETF Trading Up 0.9 %

IWB stock traded up $2.86 during trading on Friday, reaching $307.27. The stock had a trading volume of 256,950 shares, compared to its average volume of 797,224. The firm has a fifty day moving average price of $293.60 and a 200 day moving average price of $281.37. The company has a market capitalization of $37.72 billion, a P/E ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 1-year low of $224.41 and a 1-year high of $307.30.

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.