HB Wealth Management LLC Trims Stock Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

HB Wealth Management LLC cut its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,471 shares of the company’s stock after selling 218 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Russell 1000 ETF were worth $8,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IWB. Etesian Wealth Advisors Inc. grew its stake in iShares Russell 1000 ETF by 32.0% in the third quarter. Etesian Wealth Advisors Inc. now owns 1,241 shares of the company’s stock worth $390,000 after purchasing an additional 301 shares during the period. Mechanics Bank Trust Department bought a new stake in shares of iShares Russell 1000 ETF during the 3rd quarter valued at $597,000. Morton Capital Management LLC CA grew its position in shares of iShares Russell 1000 ETF by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,065 shares of the company’s stock worth $1,592,000 after buying an additional 43 shares during the period. First Citizens Bank & Trust Co. increased its stake in shares of iShares Russell 1000 ETF by 125.2% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 11,686 shares of the company’s stock worth $3,674,000 after acquiring an additional 6,497 shares in the last quarter. Finally, TSA Wealth Managment LLC lifted its position in iShares Russell 1000 ETF by 3.8% during the 3rd quarter. TSA Wealth Managment LLC now owns 3,561 shares of the company’s stock valued at $1,120,000 after acquiring an additional 129 shares during the period.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $329.39 on Friday. iShares Russell 1000 ETF has a fifty-two week low of $260.02 and a fifty-two week high of $336.18. The firm’s 50-day simple moving average is $328.00 and its two-hundred day simple moving average is $314.58. The stock has a market cap of $40.43 billion, a PE ratio of 24.68 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.