JMG Financial Group Ltd. Has $10.13 Million Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

JMG Financial Group Ltd. reduced its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 9.6% during the 4th quarter, HoldingsChannel reports. The firm owned 38,615 shares of the company’s stock after selling 4,091 shares during the quarter. iShares Russell 1000 ETF makes up approximately 0.4% of JMG Financial Group Ltd.’s holdings, making the stock its 25th biggest holding. JMG Financial Group Ltd.’s holdings in iShares Russell 1000 ETF were worth $10,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IWB. Mascoma Wealth Management LLC acquired a new stake in iShares Russell 1000 ETF in the 4th quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new position in iShares Russell 1000 ETF during the 3rd quarter worth $28,000. Baystate Wealth Management LLC increased its stake in shares of iShares Russell 1000 ETF by 70.8% in the 4th quarter. Baystate Wealth Management LLC now owns 123 shares of the company’s stock valued at $32,000 after buying an additional 51 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of iShares Russell 1000 ETF during the third quarter worth $34,000. Finally, Stonebridge Capital Advisors LLC boosted its holdings in iShares Russell 1000 ETF by 113.0% in the third quarter. Stonebridge Capital Advisors LLC now owns 196 shares of the company’s stock valued at $46,000 after acquiring an additional 104 shares during the last quarter.

iShares Russell 1000 ETF Trading Up 1.2 %

Shares of IWB traded up $3.25 on Tuesday, reaching $277.99. 599,853 shares of the company’s stock were exchanged, compared to its average volume of 733,080. The business has a 50 day moving average price of $281.30 and a two-hundred day moving average price of $263.02. iShares Russell 1000 ETF has a 12 month low of $221.31 and a 12 month high of $288.75. The stock has a market capitalization of $34.23 billion, a P/E ratio of 25.11 and a beta of 1.01.

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.