iShares Russell 1000 ETF (NYSEARCA:IWB) Position Decreased by Telemus Capital LLC

Telemus Capital LLC lowered its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,219 shares of the company’s stock after selling 5,080 shares during the period. iShares Russell 1000 ETF comprises 3.7% of Telemus Capital LLC’s portfolio, making the stock its 3rd largest holding. Telemus Capital LLC owned 0.14% of iShares Russell 1000 ETF worth $43,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Patriot Investment Management Group Inc. purchased a new stake in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $28,000. Robinson Capital Management LLC acquired a new position in shares of iShares Russell 1000 ETF in the first quarter valued at approximately $31,000. Resurgent Financial Advisors LLC acquired a new position in shares of iShares Russell 1000 ETF in the fourth quarter valued at approximately $37,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of iShares Russell 1000 ETF in the first quarter valued at approximately $40,000. Finally, Sound Income Strategies LLC raised its position in shares of iShares Russell 1000 ETF by 331.6% in the second quarter. Sound Income Strategies LLC now owns 164 shares of the company’s stock valued at $40,000 after buying an additional 126 shares during the last quarter.

iShares Russell 1000 ETF Stock Down 1.2 %

Shares of NYSEARCA:IWB traded down $3.00 during trading on Friday, reaching $244.71. The stock had a trading volume of 953,850 shares, compared to its average volume of 722,829. The business has a fifty day moving average price of $246.25 and a 200-day moving average price of $234.15. The stock has a market cap of $30.98 billion, a P/E ratio of 17.92 and a beta of 1.01. iShares Russell 1000 ETF has a fifty-two week low of $192.01 and a fifty-two week high of $252.93.

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.