iShares Russell 1000 ETF (NYSEARCA:IWB) Shares Sold by Telemus Capital LLC

Telemus Capital LLC lessened its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,275 shares of the company’s stock after selling 4,726 shares during the quarter. iShares Russell 1000 ETF makes up about 3.7% of Telemus Capital LLC’s holdings, making the stock its 3rd largest position. Telemus Capital LLC’s holdings in iShares Russell 1000 ETF were worth $44,656,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 ETF in the 4th quarter valued at about $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of iShares Russell 1000 ETF in the 3rd quarter valued at approximately $28,000. Baystate Wealth Management LLC raised its stake in shares of iShares Russell 1000 ETF by 70.8% during the fourth quarter. Baystate Wealth Management LLC now owns 123 shares of the company’s stock worth $32,000 after purchasing an additional 51 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of iShares Russell 1000 ETF during the third quarter worth $34,000. Finally, City Holding Co. acquired a new position in iShares Russell 1000 ETF during the third quarter worth about $34,000.

iShares Russell 1000 ETF Price Performance

IWB opened at $274.74 on Tuesday. iShares Russell 1000 ETF has a 1-year low of $221.31 and a 1-year high of $288.75. The stock has a market cap of $33.83 billion, a P/E ratio of 25.11 and a beta of 1.01. The stock’s 50 day simple moving average is $281.17 and its 200 day simple moving average is $262.72.

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.