Absolute Capital Management LLC Reduces Stock Holdings in iShares Russell 1000 ETF $IWB

Absolute Capital Management LLC reduced its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 77.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 992 shares of the company’s stock after selling 3,397 shares during the period. Absolute Capital Management LLC’s holdings in iShares Russell 1000 ETF were worth $370,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in iShares Russell 1000 ETF by 14.9% in the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock valued at $1,619,105,000 after purchasing an additional 616,717 shares during the last quarter. Focus Partners Wealth grew its position in shares of iShares Russell 1000 ETF by 86.1% during the third quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock worth $635,852,000 after acquiring an additional 805,083 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Russell 1000 ETF by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,342,895 shares of the company’s stock worth $501,491,000 after acquiring an additional 21,540 shares during the last quarter. BOKF NA grew its position in shares of iShares Russell 1000 ETF by 1.3% during the fourth quarter. BOKF NA now owns 1,297,149 shares of the company’s stock worth $484,407,000 after acquiring an additional 17,096 shares during the last quarter. Finally, Allstate Corp grew its position in shares of iShares Russell 1000 ETF by 125.4% during the fourth quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock worth $402,632,000 after acquiring an additional 599,755 shares during the last quarter.

iShares Russell 1000 ETF Trading Up 1.7%

Shares of IWB opened at $403.53 on Friday. The firm has a market cap of $47.48 billion, a PE ratio of 24.71 and a beta of 1.00. The company’s 50 day simple moving average is $393.71 and its 200-day simple moving average is $380.37. iShares Russell 1000 ETF has a 12-month low of $325.31 and a 12-month high of $415.11.

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.