Brand Asset Management Group Inc. Trims Position in iShares Russell 1000 ETF $IWB

Brand Asset Management Group Inc. decreased its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,331 shares of the company’s stock after selling 41 shares during the period. iShares Russell 1000 ETF comprises approximately 0.9% of Brand Asset Management Group Inc.’s holdings, making the stock its 25th biggest position. Brand Asset Management Group Inc.’s holdings in iShares Russell 1000 ETF were worth $2,489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rossby Financial LCC purchased a new stake in iShares Russell 1000 ETF in the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in iShares Russell 1000 ETF in the first quarter worth about $28,000. Woodside Wealth Management LLC purchased a new stake in iShares Russell 1000 ETF in the first quarter worth about $30,000. Brooklyn Investment Group purchased a new stake in iShares Russell 1000 ETF in the first quarter worth about $33,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in iShares Russell 1000 ETF in the fourth quarter worth about $36,000.

iShares Russell 1000 ETF Stock Up 0.5%

Shares of IWB opened at $363.22 on Tuesday. The business has a 50-day simple moving average of $350.62 and a two-hundred day simple moving average of $326.85. The stock has a market cap of $44.26 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 52 week low of $264.17 and a 52 week high of $363.47.

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.