Prosperity Wealth Management Inc. Cuts Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Prosperity Wealth Management Inc. lowered its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,978 shares of the company’s stock after selling 48 shares during the period. Prosperity Wealth Management Inc.’s holdings in iShares Russell 1000 ETF were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Trexquant Investment LP bought a new position in iShares Russell 1000 ETF during the fourth quarter valued at approximately $527,000. Envestnet Asset Management Inc. boosted its stake in iShares Russell 1000 ETF by 9.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,682,078 shares of the company’s stock valued at $1,508,378,000 after buying an additional 422,237 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in iShares Russell 1000 ETF by 9.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 20,454 shares of the company’s stock valued at $6,589,000 after buying an additional 1,735 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Russell 1000 ETF by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,264,126 shares of the company’s stock valued at $407,251,000 after buying an additional 76,556 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its stake in iShares Russell 1000 ETF by 12.8% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 1,652 shares of the company’s stock valued at $532,000 after buying an additional 187 shares during the last quarter.

iShares Russell 1000 ETF Trading Down 0.9%

Shares of iShares Russell 1000 ETF stock opened at $327.31 on Wednesday. The stock has a 50 day moving average of $313.30 and a 200 day moving average of $319.11. iShares Russell 1000 ETF has a 12 month low of $264.17 and a 12 month high of $337.76. The firm has a market cap of $39.92 billion, a PE ratio of 24.42 and a beta of 1.02.

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.