Legacy Wealth Management Inc Decreases Stock Holdings in iShares Russell 1000 ETF (NYSEARCA:IWB)

Legacy Wealth Management Inc cut its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 777,699 shares of the company’s stock after selling 3,897 shares during the quarter. iShares Russell 1000 ETF makes up 16.1% of Legacy Wealth Management Inc’s portfolio, making the stock its 2nd biggest holding. Legacy Wealth Management Inc’s holdings in iShares Russell 1000 ETF were worth $250,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in iShares Russell 1000 ETF during the second quarter valued at $6,219,000. XTX Topco Ltd bought a new position in shares of iShares Russell 1000 ETF in the 2nd quarter valued at about $303,000. Marshall Wace LLP purchased a new position in iShares Russell 1000 ETF in the second quarter worth about $2,556,000. Squarepoint Ops LLC bought a new stake in iShares Russell 1000 ETF during the second quarter worth approximately $2,639,000. Finally, AQR Capital Management LLC increased its stake in iShares Russell 1000 ETF by 17.6% during the second quarter. AQR Capital Management LLC now owns 9,798 shares of the company’s stock worth $2,915,000 after acquiring an additional 1,463 shares during the last quarter.

iShares Russell 1000 ETF Stock Performance

NYSEARCA IWB opened at $335.17 on Friday. The company has a market cap of $41.14 billion, a P/E ratio of 24.68 and a beta of 1.01. The business’s 50 day moving average price is $328.62 and its 200-day moving average price is $315.68. iShares Russell 1000 ETF has a fifty-two week low of $265.70 and a fifty-two week high of $336.61.

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.