Phillips Financial Management LLC decreased its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,502 shares of the company’s stock after selling 587 shares during the quarter. Phillips Financial Management LLC’s holdings in iShares Russell 1000 ETF were worth $2,467,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in IWB. Associated Banc Corp bought a new position in shares of iShares Russell 1000 ETF during the first quarter valued at $644,000. Trustcore Financial Services LLC bought a new position in shares of iShares Russell 1000 ETF during the first quarter valued at $447,000. Hanson McClain Inc. bought a new position in shares of iShares Russell 1000 ETF during the first quarter valued at $44,000. Summit Asset Management LLC bought a new position in shares of iShares Russell 1000 ETF during the first quarter valued at $208,000. Finally, Derby & Company Inc. increased its holdings in shares of iShares Russell 1000 ETF by 3.9% during the first quarter. Derby & Company Inc. now owns 192,701 shares of the company’s stock valued at $30,314,000 after acquiring an additional 7,318 shares in the last quarter.
Shares of NYSEARCA:IWB traded down $0.94 on Friday, hitting $159.16. 19,905 shares of the company traded hands, compared to its average volume of 1,226,958. iShares Russell 1000 ETF has a 52 week low of $129.68 and a 52 week high of $164.13.
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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.
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