Legacy Wealth Management Inc lessened its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,162,543 shares of the company’s stock after selling 12,366 shares during the quarter. iShares Russell 1000 ETF comprises about 31.3% of Legacy Wealth Management Inc’s holdings, making the stock its largest holding. Legacy Wealth Management Inc owned approximately 0.94% of iShares Russell 1000 ETF worth $191,285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advisory Alpha LLC acquired a new position in shares of iShares Russell 1000 ETF in the 1st quarter valued at approximately $114,000. Williams Jones & Associates LLC acquired a new position in shares of iShares Russell 1000 ETF in the 1st quarter valued at approximately $212,000. Alera Investment Advisors LLC raised its position in shares of iShares Russell 1000 ETF by 1,039.0% in the 1st quarter. Alera Investment Advisors LLC now owns 143,119 shares of the company’s stock valued at $22,514,000 after purchasing an additional 130,554 shares in the last quarter. GYL Financial Synergies LLC acquired a new position in shares of iShares Russell 1000 ETF in the 1st quarter valued at approximately $5,151,000. Finally, Patten Group Inc. raised its position in shares of iShares Russell 1000 ETF by 19.0% in the 1st quarter. Patten Group Inc. now owns 4,537 shares of the company’s stock valued at $714,000 after purchasing an additional 725 shares in the last quarter.

Shares of IWB traded up $1.54 during trading on Wednesday, reaching $161.50. The company’s stock had a trading volume of 483,705 shares, compared to its average volume of 1,039,359. The company has a fifty day moving average of $163.48 and a two-hundred day moving average of $161.83. iShares Russell 1000 ETF has a twelve month low of $129.68 and a twelve month high of $168.10.

The firm also recently announced a — dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were given a $0.722 dividend. This represents a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 24th.

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.

Further Reading: Forex

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Institutional Ownership by Quarter for iShares Russell 1000 ETF (NYSEARCA:IWB)

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