Marks Group Wealth Management Inc Cuts Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Marks Group Wealth Management Inc cut its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 10.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,622 shares of the company’s stock after selling 193 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares Russell 1000 ETF were worth $425,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. 1900 Wealth Management LLC grew its stake in shares of iShares Russell 1000 ETF by 12.6% during the fourth quarter. 1900 Wealth Management LLC now owns 66,429 shares of the company’s stock valued at $17,422,000 after acquiring an additional 7,419 shares in the last quarter. RWA Wealth Partners LLC grew its stake in shares of iShares Russell 1000 ETF by 70.0% during the fourth quarter. RWA Wealth Partners LLC now owns 11,376 shares of the company’s stock valued at $2,984,000 after acquiring an additional 4,684 shares in the last quarter. Lee Danner & Bass Inc. grew its stake in shares of iShares Russell 1000 ETF by 162.1% during the fourth quarter. Lee Danner & Bass Inc. now owns 10,550 shares of the company’s stock valued at $2,767,000 after acquiring an additional 6,525 shares in the last quarter. OLD National Bancorp IN grew its stake in shares of iShares Russell 1000 ETF by 12.1% during the fourth quarter. OLD National Bancorp IN now owns 21,586 shares of the company’s stock valued at $5,661,000 after acquiring an additional 2,322 shares in the last quarter. Finally, Klingenstein Fields & Co. LP acquired a new position in iShares Russell 1000 ETF in the fourth quarter worth about $212,000.

iShares Russell 1000 ETF Stock Performance

NYSEARCA:IWB opened at $277.99 on Wednesday. The company has a market capitalization of $34.23 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. iShares Russell 1000 ETF has a one year low of $221.31 and a one year high of $288.75. The stock has a 50-day simple moving average of $281.30 and a 200 day simple moving average of $263.02.

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.