Summit Financial Strategies Inc. Sells 130 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Summit Financial Strategies Inc. decreased its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,235 shares of the company’s stock after selling 130 shares during the quarter. iShares Russell 1000 ETF accounts for approximately 0.5% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 24th largest position. Summit Financial Strategies Inc.’s holdings in iShares Russell 1000 ETF were worth $3,938,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC bought a new position in shares of iShares Russell 1000 ETF during the fourth quarter valued at $303,994,000. Jones Financial Companies Lllp boosted its stake in shares of iShares Russell 1000 ETF by 2.8% in the 4th quarter. Jones Financial Companies Lllp now owns 8,379,815 shares of the company’s stock valued at $2,197,690,000 after purchasing an additional 227,252 shares during the last quarter. Winthrop Advisory Group LLC increased its position in shares of iShares Russell 1000 ETF by 392.0% during the first quarter. Winthrop Advisory Group LLC now owns 254,787 shares of the company’s stock worth $73,386,000 after buying an additional 203,000 shares during the period. Cetera Investment Advisers raised its stake in iShares Russell 1000 ETF by 198.8% during the first quarter. Cetera Investment Advisers now owns 272,822 shares of the company’s stock worth $78,581,000 after buying an additional 181,531 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in iShares Russell 1000 ETF by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,512,821 shares of the company’s stock valued at $1,183,533,000 after buying an additional 146,971 shares during the period.

iShares Russell 1000 ETF Stock Up 0.1 %

iShares Russell 1000 ETF stock traded up $0.28 during trading hours on Friday, reaching $303.53. 415,690 shares of the company’s stock were exchanged, compared to its average volume of 798,407. The firm’s 50 day simple moving average is $298.39 and its 200 day simple moving average is $287.79. iShares Russell 1000 ETF has a twelve month low of $224.41 and a twelve month high of $309.61. The firm has a market capitalization of $37.26 billion, a PE ratio of 24.68 and a beta of 1.01.

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.