Bessemer Group Inc. Sells 1,650 Shares of iShares Russell 1000 ETF $IWB

Bessemer Group Inc. cut its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,063 shares of the company’s stock after selling 1,650 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Russell 1000 ETF were worth $15,709,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Optima Capital LLC bought a new position in iShares Russell 1000 ETF in the 4th quarter valued at approximately $32,000. First Command Advisory Services Inc. bought a new position in iShares Russell 1000 ETF in the 3rd quarter valued at approximately $31,000. True Wealth Design LLC bought a new position in iShares Russell 1000 ETF in the 4th quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC lifted its position in iShares Russell 1000 ETF by 78.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 116 shares of the company’s stock valued at $43,000 after acquiring an additional 51 shares in the last quarter. Finally, Horizon Investments LLC bought a new position in iShares Russell 1000 ETF in the 4th quarter valued at approximately $47,000.

iShares Russell 1000 ETF Trading Down 1.2%

IWB stock opened at $402.47 on Friday. The stock has a market capitalization of $47.35 billion, a PE ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 12-month low of $316.35 and a 12-month high of $408.38. The stock’s 50 day simple moving average is $376.55 and its 200 day simple moving average is $375.30.

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.