GC Wealth Management RIA LLC Sells 2,575 Shares of iShares Russell 1000 ETF $IWB

GC Wealth Management RIA LLC reduced its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 9.8% during the first quarter, Holdings Channel.com reports. The fund owned 23,643 shares of the company’s stock after selling 2,575 shares during the quarter. GC Wealth Management RIA LLC’s holdings in iShares Russell 1000 ETF were worth $8,430,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Compound Planning Inc. boosted its holdings in shares of iShares Russell 1000 ETF by 69.4% in the first quarter. Compound Planning Inc. now owns 22,016 shares of the company’s stock valued at $7,850,000 after purchasing an additional 9,021 shares during the period. Klingman & Associates LLC increased its holdings in iShares Russell 1000 ETF by 1.1% during the 1st quarter. Klingman & Associates LLC now owns 22,034 shares of the company’s stock worth $7,856,000 after purchasing an additional 230 shares during the period. Modern Wealth Management LLC raised its position in iShares Russell 1000 ETF by 16.6% during the 1st quarter. Modern Wealth Management LLC now owns 7,506 shares of the company’s stock valued at $2,697,000 after purchasing an additional 1,066 shares in the last quarter. Keebeck Wealth Management raised its position in iShares Russell 1000 ETF by 2.8% during the 1st quarter. Keebeck Wealth Management now owns 5,263 shares of the company’s stock valued at $1,877,000 after purchasing an additional 143 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 ETF in the 1st quarter worth $46,000.

iShares Russell 1000 ETF Trading Down 1.2%

IWB opened at $403.98 on Friday. iShares Russell 1000 ETF has a 12-month low of $340.11 and a 12-month high of $415.11. The business’s fifty day simple moving average is $407.42 and its 200-day simple moving average is $387.54. The company has a market capitalization of $47.65 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00.

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.