Glassman Wealth Services Sells 842 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Glassman Wealth Services lowered its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,710 shares of the company’s stock after selling 842 shares during the period. iShares Russell 1000 ETF comprises approximately 2.6% of Glassman Wealth Services’ investment portfolio, making the stock its 8th biggest position. Glassman Wealth Services’ holdings in iShares Russell 1000 ETF were worth $13,898,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Waterloo Capital L.P. purchased a new position in iShares Russell 1000 ETF during the fourth quarter worth approximately $4,471,000. Envestnet Asset Management Inc. grew its stake in iShares Russell 1000 ETF by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,512,821 shares of the company’s stock valued at $1,183,533,000 after acquiring an additional 146,971 shares during the period. Miller Investment Management LP purchased a new stake in iShares Russell 1000 ETF in the 4th quarter worth $991,000. Guardian Wealth Advisors LLC NC raised its position in iShares Russell 1000 ETF by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 9,490 shares of the company’s stock worth $2,489,000 after acquiring an additional 288 shares during the period. Finally, TSA Wealth Managment LLC purchased a new position in iShares Russell 1000 ETF during the fourth quarter valued at $1,144,000.

iShares Russell 1000 ETF Stock Down 1.7 %

Shares of NYSEARCA IWB traded down $5.02 during trading on Friday, hitting $295.88. The company had a trading volume of 602,012 shares, compared to its average volume of 793,461. The firm has a market capitalization of $36.32 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. The stock has a fifty day simple moving average of $300.88 and a two-hundred day simple moving average of $291.16. iShares Russell 1000 ETF has a fifty-two week low of $224.41 and a fifty-two week high of $309.61.

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.