iShares Russell 1000 ETF $IWB Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lessened its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,322,245 shares of the company’s stock after selling 15,305 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell 1000 ETF were worth $493,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Lansing Street Advisors boosted its holdings in iShares Russell 1000 ETF by 0.3% in the third quarter. Lansing Street Advisors now owns 10,256 shares of the company’s stock worth $3,748,000 after purchasing an additional 27 shares during the period. Optivise Advisory Services LLC boosted its holdings in iShares Russell 1000 ETF by 0.6% in the fourth quarter. Optivise Advisory Services LLC now owns 4,432 shares of the company’s stock worth $1,655,000 after purchasing an additional 27 shares during the period. Oak Harbor Wealth Partners LLC boosted its stake in iShares Russell 1000 ETF by 15.2% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 205 shares of the company’s stock valued at $77,000 after acquiring an additional 27 shares during the period. Waterfront Wealth Inc. boosted its stake in iShares Russell 1000 ETF by 0.9% in the fourth quarter. Waterfront Wealth Inc. now owns 3,095 shares of the company’s stock valued at $1,175,000 after acquiring an additional 29 shares during the period. Finally, Flagship Private Wealth LLC boosted its stake in iShares Russell 1000 ETF by 2.1% in the fourth quarter. Flagship Private Wealth LLC now owns 1,396 shares of the company’s stock valued at $521,000 after acquiring an additional 29 shares during the period.

iShares Russell 1000 ETF Stock Up 0.6%

Shares of IWB stock opened at $411.66 on Friday. The business has a 50 day moving average of $383.35 and a two-hundred day moving average of $377.46. iShares Russell 1000 ETF has a 52 week low of $320.46 and a 52 week high of $412.04. The company has a market cap of $48.43 billion, a P/E ratio of 24.71 and a beta of 1.00.

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.