Cornerstone Wealth Group LLC Has $23.17 Million Stock Holdings in iShares Russell 1000 ETF $IWB

Cornerstone Wealth Group LLC trimmed its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,390 shares of the company’s stock after selling 1,491 shares during the quarter. iShares Russell 1000 ETF comprises 1.6% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 12th biggest holding. Cornerstone Wealth Group LLC owned about 0.05% of iShares Russell 1000 ETF worth $23,168,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in iShares Russell 1000 ETF by 14.9% in the 2nd quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after purchasing an additional 616,717 shares during the last quarter. M&T Bank Corp increased its stake in shares of iShares Russell 1000 ETF by 4.0% in the 2nd quarter. M&T Bank Corp now owns 2,923,970 shares of the company’s stock valued at $992,892,000 after buying an additional 112,152 shares during the period. Johnson Investment Counsel Inc. raised its position in shares of iShares Russell 1000 ETF by 3.3% during the second quarter. Johnson Investment Counsel Inc. now owns 1,405,034 shares of the company’s stock worth $477,107,000 after acquiring an additional 44,732 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Russell 1000 ETF by 6.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,370,878 shares of the company’s stock valued at $465,509,000 after acquiring an additional 86,539 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of iShares Russell 1000 ETF by 5.1% during the second quarter. JPMorgan Chase & Co. now owns 1,344,682 shares of the company’s stock valued at $456,614,000 after acquiring an additional 65,170 shares during the period.

iShares Russell 1000 ETF Stock Down 2.0%

Shares of IWB stock opened at $371.79 on Wednesday. The stock has a 50-day moving average price of $373.58 and a 200 day moving average price of $363.53. The firm has a market cap of $46.21 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 12 month low of $264.17 and a 12 month high of $381.71.

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.