ACT Wealth Management LLC Sells 2,096 Shares of iShares Russell 1000 ETF $IWB

ACT Wealth Management LLC trimmed its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 76,072 shares of the company’s stock after selling 2,096 shares during the quarter. iShares Russell 1000 ETF makes up about 9.3% of ACT Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. ACT Wealth Management LLC owned about 0.06% of iShares Russell 1000 ETF worth $28,408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IWB. Rede Wealth LLC bought a new position in iShares Russell 1000 ETF in the 3rd quarter worth approximately $2,475,000. First Horizon Corp bought a new stake in iShares Russell 1000 ETF during the 3rd quarter valued at $2,240,000. Belpointe Asset Management LLC raised its stake in iShares Russell 1000 ETF by 109.2% during the 3rd quarter. Belpointe Asset Management LLC now owns 10,904 shares of the company’s stock valued at $3,985,000 after acquiring an additional 5,692 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in iShares Russell 1000 ETF during the 2nd quarter worth $1,485,000. Finally, Calamos Wealth Management LLC boosted its position in iShares Russell 1000 ETF by 16.5% during the 3rd quarter. Calamos Wealth Management LLC now owns 10,400 shares of the company’s stock worth $3,801,000 after acquiring an additional 1,474 shares during the period.

iShares Russell 1000 ETF Stock Performance

NYSEARCA:IWB opened at $356.56 on Wednesday. The stock has a market cap of $44.02 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 1 year low of $264.17 and a 1 year high of $382.34. The business has a fifty day moving average of $371.29 and a 200-day moving average of $370.96.

iShares Russell 1000 ETF Company 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.