Tortoise Investment Management LLC Lowers Holdings in iShares Russell 1000 ETF (NYSEARCA:IWB)

Tortoise Investment Management LLC trimmed its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 49,626 shares of the company’s stock after selling 730 shares during the quarter. iShares Russell 1000 ETF accounts for about 1.7% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 12th largest holding. Tortoise Investment Management LLC’s holdings in iShares Russell 1000 ETF were worth $15,988,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Fiera Capital Corp grew its stake in shares of iShares Russell 1000 ETF by 5.4% during the third quarter. Fiera Capital Corp now owns 7,951 shares of the company’s stock valued at $2,500,000 after buying an additional 409 shares during the last quarter. Assetmark Inc. boosted its position in iShares Russell 1000 ETF by 231.3% during the 3rd quarter. Assetmark Inc. now owns 4,125 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,880 shares in the last quarter. XML Financial LLC boosted its position in shares of iShares Russell 1000 ETF by 0.7% in the 3rd quarter. XML Financial LLC now owns 83,096 shares of the company’s stock worth $26,125,000 after purchasing an additional 540 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of iShares Russell 1000 ETF by 24.2% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,869 shares of the company’s stock worth $1,216,000 after purchasing an additional 755 shares in the last quarter. Finally, 17 Capital Partners LLC raised its stake in iShares Russell 1000 ETF by 5.0% in the 3rd quarter. 17 Capital Partners LLC now owns 4,284 shares of the company’s stock worth $1,347,000 after acquiring an additional 203 shares during the last quarter.

iShares Russell 1000 ETF Price Performance

Shares of IWB stock opened at $315.98 on Monday. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 26.23 and a beta of 1.03. The business has a fifty day moving average of $328.25 and a 200 day moving average of $322.30. iShares Russell 1000 ETF has a 1 year low of $271.54 and a 1 year high of $337.76.

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.