Midland Wealth Advisors LLC Trims Stock Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Midland Wealth Advisors LLC cut its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 4.9% during the fourth quarter, HoldingsChannel reports. The fund owned 2,406 shares of the company’s stock after selling 124 shares during the period. Midland Wealth Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $775,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC acquired a new position in shares of iShares Russell 1000 ETF in the 3rd quarter valued at $32,000. Archer Investment Corp purchased a new stake in iShares Russell 1000 ETF in the 3rd quarter valued at about $37,000. Crews Bank & Trust acquired a new position in iShares Russell 1000 ETF in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new position in iShares Russell 1000 ETF during the fourth quarter worth about $37,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 ETF during the fourth quarter valued at about $39,000.

iShares Russell 1000 ETF Stock Performance

iShares Russell 1000 ETF stock opened at $315.98 on Monday. The company’s 50 day simple moving average is $328.25 and its 200-day simple moving average is $322.30. iShares Russell 1000 ETF has a 1 year low of $271.54 and a 1 year high of $337.76. The company has a market capitalization of $37.51 billion, a price-to-earnings ratio of 26.23 and a beta of 1.03.

About iShares Russell 1000 ETF

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.