LGT Financial Advisors LLC Sells 587 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

LGT Financial Advisors LLC lessened its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 32.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,224 shares of the company’s stock after selling 587 shares during the quarter. iShares Russell 1000 ETF accounts for approximately 0.8% of LGT Financial Advisors LLC’s investment portfolio, making the stock its 28th largest holding. LGT Financial Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. LRI Investments LLC bought a new stake in iShares Russell 1000 ETF in the 1st quarter valued at $27,000. Transcendent Capital Group LLC increased its stake in iShares Russell 1000 ETF by 76.4% in the second quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock valued at $29,000 after acquiring an additional 42 shares during the period. Robinson Capital Management LLC acquired a new position in iShares Russell 1000 ETF in the fourth quarter worth about $33,000. Rosenberg Matthew Hamilton lifted its stake in iShares Russell 1000 ETF by 176.7% during the second quarter. Rosenberg Matthew Hamilton now owns 119 shares of the company’s stock worth $35,000 after purchasing an additional 76 shares during the period. Finally, JNBA Financial Advisors acquired a new stake in iShares Russell 1000 ETF during the first quarter valued at approximately $50,000.

iShares Russell 1000 ETF Trading Down 0.3 %

IWB stock opened at $300.90 on Friday. iShares Russell 1000 ETF has a 1-year low of $224.41 and a 1-year high of $309.61. The business’s 50 day moving average is $300.91 and its 200-day moving average is $290.90. The firm has a market cap of $36.94 billion, a P/E ratio of 24.68 and a beta of 1.01.

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.