Financial Gravity Asset Management Inc. Sells 593 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Financial Gravity Asset Management Inc. trimmed its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 46.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 681 shares of the company’s stock after selling 593 shares during the period. Financial Gravity Asset Management Inc.’s holdings in iShares Russell 1000 ETF were worth $203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Waterloo Capital L.P. purchased a new position in shares of iShares Russell 1000 ETF in the 4th quarter valued at approximately $4,471,000. Envestnet Asset Management Inc. raised its stake in iShares Russell 1000 ETF by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,512,821 shares of the company’s stock worth $1,183,533,000 after acquiring an additional 146,971 shares during the last quarter. Miller Investment Management LP acquired a new stake in iShares Russell 1000 ETF during the 4th quarter worth about $991,000. Guardian Wealth Advisors LLC NC grew its stake in iShares Russell 1000 ETF by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 9,490 shares of the company’s stock valued at $2,489,000 after purchasing an additional 288 shares during the last quarter. Finally, TSA Wealth Managment LLC purchased a new stake in iShares Russell 1000 ETF during the 4th quarter valued at about $1,144,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $295.88 on Friday. The business’s 50-day moving average is $300.88 and its two-hundred day moving average is $291.16. The company has a market capitalization of $36.32 billion, a P/E ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a fifty-two week low of $224.41 and a fifty-two week high of $309.61.

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.