Pointe Capital Management LLC Has $443,000 Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Pointe Capital Management LLC lowered its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,375 shares of the company’s stock after selling 55 shares during the period. Pointe Capital Management LLC’s holdings in iShares Russell 1000 ETF were worth $443,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Checchi Capital Advisers LLC boosted its stake in shares of iShares Russell 1000 ETF by 1.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 9,940 shares of the company’s stock worth $3,202,000 after acquiring an additional 141 shares during the period. CWS Financial Advisors LLC acquired a new stake in iShares Russell 1000 ETF during the 4th quarter valued at $202,000. Prasad Wealth Partners LLC acquired a new position in shares of iShares Russell 1000 ETF in the fourth quarter valued at $490,000. BankPlus Trust Department bought a new position in shares of iShares Russell 1000 ETF in the fourth quarter valued at about $192,000. Finally, Edge Capital Group LLC lifted its stake in shares of iShares Russell 1000 ETF by 8.5% during the 4th quarter. Edge Capital Group LLC now owns 20,140 shares of the company’s stock worth $6,488,000 after buying an additional 1,581 shares during the last quarter.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $326.46 on Wednesday. The firm has a market cap of $38.75 billion, a P/E ratio of 26.23 and a beta of 1.03. iShares Russell 1000 ETF has a 52 week low of $271.54 and a 52 week high of $337.76. The firm’s 50-day simple moving average is $329.28 and its 200 day simple moving average is $321.25.

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.