360 Financial Cuts Position in iShares Russell 1000 ETF by 8.9%

360 Financial Inc. has reduced its holdings in the iShares Russell 1000 ETF (NYSEARCA:IWB) by 8.9% during the first quarter of 2023. According to the firm’s recent Form 13F filing with the Securities and Exchange Commission, 360 Financial now owns 664 shares after selling 65 shares in the period. As of the end of the most recent quarter, the value of their holdings amounted to approximately $204,000.

Several other hedge funds have also made adjustments to their positions in the iShares Russell 1000 ETF. Notably, Rossby Financial LLC established a new position worth about $25,000 during the first quarter. Similarly, Redwood Park Advisors LLC acquired a new stake valued at approximately $27,000 in the fourth quarter, while Barnes Dennig Private Wealth Management LLC and Woodside Wealth Management LLC secured new positions worth about $28,000 and $30,000, respectively, during the first quarter. Additionally, Fourth Dimension Wealth LLC invested $36,000 in the fourth quarter.

Current Market Performance of iShares Russell 1000 ETF

As of Wednesday, the iShares Russell 1000 ETF opened at $349.03. The fund has experienced a 1-year low of $264.17 and a 1-year high of $351.00, indicating notable fluctuations in its market performance. With a market capitalization of $41.92 billion, the ETF boasts a price-to-earnings ratio of 24.71 and a beta of 1.01. Its fifty-day simple moving average stands at $334.89, while the two-hundred-day simple moving average is $321.71.

The iShares Russell 1000 ETF, formerly known as the iShares Russell 1000 Index Fund, is designed to track the performance of the Russell 1000 Index. This index measures the performance of the largest-capitalization stocks in the US equity market, including approximately 1,000 of the largest issuers from the Russell 3000 Index.

For those interested in tracking hedge fund activities related to the iShares Russell 1000 ETF, HoldingsChannel.com provides updates on the latest 13F filings and insider trades. Additionally, MarketBeat.com offers a daily email newsletter summarizing recent news and analysts’ ratings for the ETF and related companies.