Omega Financial Group LLC has decreased its holdings in the iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.4% during the second quarter of 2023. This change, reflected in the firm’s latest filing with the Securities and Exchange Commission (SEC), indicates that Omega now owns 25,631 shares of the ETF after selling 625 shares in the reported period. The iShares Russell 1000 ETF represents 3.1% of Omega Financial Group’s total portfolio, making it the firm’s eleventh largest position.
At the end of the second quarter, Omega’s stake in the iShares Russell 1000 ETF was valued at approximately $8,703,000. This adjustment comes amidst a broader trend, as other institutional investors have also modified their holdings in the ETF.
Other Institutional Moves
In the same quarter, Greenleaf Trust increased its holdings in the iShares Russell 1000 ETF by 1.0%, now owning 2,969 shares valued at $1,008,000 after purchasing an additional 30 shares. Similarly, GM Advisory Group LLC raised its position by 0.3%, now holding 11,918 shares worth $3,656,000 following the acquisition of 32 shares in the previous quarter.
Additionally, Tranquility Partners LLC boosted its stake by 1.6%, now owning 2,259 shares valued at $767,000 after acquiring 35 shares. Migdal Insurance & Financial Holdings Ltd. also expanded its holdings by 3.5%, increasing its position to 1,033 shares worth $351,000 after purchasing 35 shares. Lastly, Calamos Advisors LLC raised its stake by 5.0%, bringing its total to 741 shares, valued at $252,000.
Market Performance of iShares Russell 1000 ETF
On the trading front, shares of the iShares Russell 1000 ETF opened at $368.04 on the last reported Friday. The ETF has demonstrated a solid price performance, showing a fifty-day moving average of $366.57 and a two-hundred-day moving average of $346.57. With a market capitalization of $44.31 billion, the ETF has a price-to-earnings (PE) ratio of 24.71 and a beta of 1.01, indicating its volatility relative to the market.
The ETF has experienced significant price fluctuations, with a fifty-two week low of $264.17 and a high of $377.77. 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, which includes approximately 1,000 of the largest companies in the U.S. equity market.
For those interested in tracking the latest developments and institutional movements regarding the iShares Russell 1000 ETF, further insights can be found on platforms such as HoldingsChannel.com, which provides detailed summaries of recent filings and analyst ratings.
