Allen Investment Management LLC Trims Stake in iShares Russell 1000 ETF $IWB

Allen Investment Management LLC trimmed its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,792 shares of the company’s stock after selling 5,662 shares during the period. Allen Investment Management LLC’s holdings in iShares Russell 1000 ETF were worth $29,045,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in iShares Russell 1000 ETF in the 4th quarter valued at $32,000. Optima Capital LLC acquired a new stake in shares of iShares Russell 1000 ETF in the fourth quarter worth approximately $32,000. Allspring Global Investments Holdings LLC grew its holdings in iShares Russell 1000 ETF by 78.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 116 shares of the company’s stock valued at $43,000 after purchasing an additional 51 shares during the period. Horizon Investments LLC purchased a new stake in iShares Russell 1000 ETF in the fourth quarter valued at approximately $47,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in iShares Russell 1000 ETF during the third quarter worth approximately $48,000.

iShares Russell 1000 ETF Stock Up 0.2%

Shares of IWB opened at $413.93 on Tuesday. iShares Russell 1000 ETF has a fifty-two week low of $321.31 and a fifty-two week high of $414.89. The company’s fifty day moving average is $385.44 and its two-hundred day moving average is $378.02. The firm has a market cap of $48.70 billion, a PE ratio of 24.71 and a beta of 1.00.

iShares Russell 1000 ETF Company 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.