Cornerstone Wealth Group LLC Has $22.75 Million Holdings in iShares Russell 1000 ETF $IWB

Cornerstone Wealth Group LLC cut its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,955 shares of the company’s stock after selling 3,025 shares during the period. iShares Russell 1000 ETF comprises about 1.4% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 13th largest position. Cornerstone Wealth Group LLC’s holdings in iShares Russell 1000 ETF were worth $22,750,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IWB. Brighton Jones LLC raised its stake in shares of iShares Russell 1000 ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock valued at $58,807,000 after buying an additional 6,006 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of iShares Russell 1000 ETF by 56.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock valued at $486,000 after acquiring an additional 542 shares in the last quarter. First Trust Advisors LP increased its stake in iShares Russell 1000 ETF by 32.3% in the second quarter. First Trust Advisors LP now owns 1,307 shares of the company’s stock valued at $444,000 after acquiring an additional 319 shares during the period. Jump Financial LLC bought a new stake in iShares Russell 1000 ETF in the second quarter valued at about $2,403,000. Finally, Qube Research & Technologies Ltd raised its position in iShares Russell 1000 ETF by 18.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,418 shares of the company’s stock worth $1,161,000 after purchasing an additional 535 shares in the last quarter.

iShares Russell 1000 ETF Stock Down 0.3%

Shares of IWB opened at $400.20 on Friday. The stock has a market cap of $47.08 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a 12 month low of $335.65 and a 12 month high of $415.11. The company has a 50-day moving average price of $401.75 and a two-hundred day moving average price of $382.83.

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.