Envestnet Asset Management Inc. Lowers Position in iShares Russell 1000 ETF $IWB

Envestnet Asset Management Inc. decreased its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,908,505 shares of the company’s stock after selling 434,737 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Russell 1000 ETF were worth $1,600,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IWB. Allstate Corp increased its stake in iShares Russell 1000 ETF by 125.4% in the 4th quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock worth $402,632,000 after acquiring an additional 599,755 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of iShares Russell 1000 ETF by 145.7% during the first quarter. Fifth Third Bancorp now owns 849,980 shares of the company’s stock worth $303,069,000 after purchasing an additional 504,045 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of iShares Russell 1000 ETF by 4.9% during the first quarter. Bank of America Corp DE now owns 5,155,585 shares of the company’s stock worth $1,838,275,000 after purchasing an additional 240,695 shares in the last quarter. Focus Partners Wealth increased its position in shares of iShares Russell 1000 ETF by 12.4% in the fourth quarter. Focus Partners Wealth now owns 1,955,205 shares of the company’s stock worth $730,139,000 after purchasing an additional 215,456 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in shares of iShares Russell 1000 ETF by 12.2% in the first quarter. Catalyst Capital Advisors LLC now owns 1,641,733 shares of the company’s stock worth $585,376,000 after purchasing an additional 179,128 shares during the last quarter.

iShares Russell 1000 ETF Stock Performance

IWB traded down $3.10 on Wednesday, reaching $419.35. The company had a trading volume of 255,958 shares, compared to its average volume of 1,064,379. iShares Russell 1000 ETF has a 52-week low of $345.21 and a 52-week high of $426.92. The company has a market cap of $49.29 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The business has a 50 day simple moving average of $416.37 and a 200 day simple moving average of $399.69.

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.