Broadview Financial Management LLC Decreases Stock Position in iShares Russell 1000 ETF $IWB

Broadview Financial Management LLC cut its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 22.9% during the second quarter, HoldingsChannel.com reports. The fund owned 6,419 shares of the company’s stock after selling 1,905 shares during the period. iShares Russell 1000 ETF makes up 1.5% of Broadview Financial Management LLC’s portfolio, making the stock its 18th largest position. Broadview Financial Management LLC’s holdings in iShares Russell 1000 ETF were worth $2,180,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in iShares Russell 1000 ETF by 5.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,240,732 shares of the company’s stock worth $3,123,735,000 after purchasing an additional 499,981 shares during the last quarter. Northern Trust Corp lifted its stake in shares of iShares Russell 1000 ETF by 1.3% in the first quarter. Northern Trust Corp now owns 2,717,504 shares of the company’s stock worth $833,567,000 after buying an additional 36,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in iShares Russell 1000 ETF by 2.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,880,906 shares of the company’s stock worth $576,949,000 after acquiring an additional 51,481 shares during the last quarter. Johnson Investment Counsel Inc. boosted its position in iShares Russell 1000 ETF by 3.3% during the second quarter. Johnson Investment Counsel Inc. now owns 1,405,034 shares of the company’s stock worth $477,107,000 after acquiring an additional 44,732 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in iShares Russell 1000 ETF by 5.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,284,339 shares of the company’s stock valued at $393,958,000 after acquiring an additional 67,721 shares in the last quarter.

iShares Russell 1000 ETF Trading Down 1.1%

IWB stock opened at $367.03 on Friday. The firm has a 50-day moving average of $364.86 and a two-hundred day moving average of $343.87. iShares Russell 1000 ETF has a 12 month low of $264.17 and a 12 month high of $377.77. The company has a market cap of $44.19 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01.

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.