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

Marks Group Wealth Management Inc cut its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,708 shares of the company’s stock after selling 145 shares during the period. Marks Group Wealth Management Inc’s holdings in iShares Russell 1000 ETF were worth $550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Traynor Capital Management Inc. raised its position in shares of iShares Russell 1000 ETF by 4.1% during the fourth quarter. Traynor Capital Management Inc. now owns 862 shares of the company’s stock valued at $278,000 after buying an additional 34 shares during the last quarter. Lansing Street Advisors increased its holdings in iShares Russell 1000 ETF by 0.3% in the 3rd quarter. Lansing Street Advisors now owns 10,144 shares of the company’s stock valued at $3,189,000 after acquiring an additional 35 shares during the last quarter. Riverpoint Wealth Management Holdings LLC lifted its stake in iShares Russell 1000 ETF by 0.3% in the 3rd quarter. Riverpoint Wealth Management Holdings LLC now owns 10,720 shares of the company’s stock worth $3,370,000 after purchasing an additional 36 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of iShares Russell 1000 ETF by 0.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,402 shares of the company’s stock valued at $1,384,000 after purchasing an additional 36 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of iShares Russell 1000 ETF by 23.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 196 shares of the company’s stock valued at $62,000 after purchasing an additional 37 shares in the last quarter.

iShares Russell 1000 ETF Trading Down 0.3 %

NYSEARCA:IWB opened at $332.43 on Thursday. The business’s 50-day moving average is $329.37 and its 200 day moving average is $318.35. iShares Russell 1000 ETF has a 12 month low of $269.98 and a 12 month high of $336.61. The company has a market capitalization of $40.81 billion, a P/E ratio of 24.68 and a beta of 1.01.

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.