iShares Russell 1000 ETF (NYSEARCA:IWB) Position Trimmed by Brookstone Capital Management

Brookstone Capital Management trimmed its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,597 shares of the company’s stock after selling 105 shares during the quarter. Brookstone Capital Management’s holdings in iShares Russell 1000 ETF were worth $1,097,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IWB. LRI Investments LLC acquired a new position in iShares Russell 1000 ETF in the 1st quarter worth approximately $27,000. Robinson Capital Management LLC acquired a new position in iShares Russell 1000 ETF in the 4th quarter worth approximately $33,000. JNBA Financial Advisors acquired a new stake in shares of iShares Russell 1000 ETF during the 1st quarter valued at $50,000. Concourse Financial Group Securities Inc. boosted its stake in shares of iShares Russell 1000 ETF by 164.0% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 198 shares of the company’s stock valued at $57,000 after buying an additional 123 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of iShares Russell 1000 ETF during the 1st quarter valued at $72,000.

iShares Russell 1000 ETF Stock Up 0.1 %

Shares of NYSEARCA:IWB opened at $303.53 on Monday. The firm has a fifty day moving average of $298.39 and a two-hundred day moving average of $287.95. The firm has a market capitalization of $37.26 billion, a P/E ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 12-month low of $224.41 and a 12-month high of $309.61.

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.