Brown Financial Advisory decreased its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB – Free Report) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,337 shares of the company’s stock after selling 1,828 shares during the period. iShares Russell 1000 ETF comprises approximately 4.4% of Brown Financial Advisory’s holdings, making the stock its 4th biggest holding. Brown Financial Advisory’s holdings in iShares Russell 1000 ETF were worth $10,543,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Riverbridge Partners LLC acquired a new stake in shares of iShares Russell 1000 ETF during the third quarter valued at about $834,000. Philadelphia Trust Co. purchased a new stake in shares of iShares Russell 1000 ETF during the third quarter worth about $4,818,000. AMG National Trust Bank acquired a new position in shares of iShares Russell 1000 ETF in the third quarter worth about $98,073,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of iShares Russell 1000 ETF in the third quarter worth about $2,581,000. Finally, Lido Advisors LLC acquired a new position in shares of iShares Russell 1000 ETF in the third quarter worth about $107,994,000.
iShares Russell 1000 ETF Stock Performance
Shares of IWB opened at $415.99 on Thursday. The company has a market capitalization of $48.25 billion, a P/E ratio of 23.22 and a beta of 1.01. iShares Russell 1000 ETF has a one year low of $345.21 and a one year high of $427.04. The stock has a 50-day moving average price of $417.97 and a 200 day moving average price of $399.92.
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.
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