Phillips Financial Management LLC Reduces Stock Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Phillips Financial Management LLC cut its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.1% during the third quarter, Holdings Channel reports. The institutional investor owned 11,354 shares of the company’s stock after selling 125 shares during the period. Phillips Financial Management LLC’s holdings in iShares Russell 1000 ETF were worth $3,570,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in iShares Russell 1000 ETF in the first quarter valued at approximately $27,000. Transcendent Capital Group LLC lifted its position 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 last quarter. Sound Income Strategies LLC boosted its stake in iShares Russell 1000 ETF by 239.3% in the third quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock valued at $30,000 after acquiring an additional 67 shares in the last quarter. Winch Advisory Services LLC purchased a new position in shares of iShares Russell 1000 ETF during the third quarter worth about $30,000. Finally, Clarkston Capital Partners LLC purchased a new position in shares of iShares Russell 1000 ETF during the third quarter worth about $32,000.

iShares Russell 1000 ETF Stock Performance

iShares Russell 1000 ETF stock opened at $322.29 on Monday. The company has a market capitalization of $39.56 billion, a P/E ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a fifty-two week low of $245.70 and a fifty-two week high of $330.43. The stock has a 50-day simple moving average of $315.80 and a 200-day simple moving average of $303.32.

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.