Founders Capital Management Trims Stake in iShares Russell 1000 ETF $IWB

Founders Capital Management lowered its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 36.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 395 shares of the company’s stock after selling 223 shares during the quarter. Founders Capital Management’s holdings in iShares Russell 1000 ETF were worth $134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rossby Financial LCC purchased a new position in shares of iShares Russell 1000 ETF during the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in iShares Russell 1000 ETF in the first quarter worth about $28,000. Woodside Wealth Management LLC purchased a new stake in iShares Russell 1000 ETF in the first quarter worth about $30,000. Brooklyn Investment Group purchased a new stake in iShares Russell 1000 ETF in the first quarter worth about $33,000. Finally, eCIO Inc. purchased a new stake in iShares Russell 1000 ETF in the first quarter worth about $36,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $365.48 on Wednesday. The stock has a market cap of $44.53 billion, a PE ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a fifty-two week low of $264.17 and a fifty-two week high of $366.84. The firm’s 50-day simple moving average is $355.01 and its two-hundred day simple moving average is $330.71.

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.