iShares Russell 1000 ETF (NYSEARCA:IWB) Shares Sold by Spinnaker Trust

Spinnaker Trust cut its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.2% in the fourth quarter, Holdings Channel reports. The fund owned 3,165 shares of the company’s stock after selling 39 shares during the period. Spinnaker Trust’s holdings in iShares Russell 1000 ETF were worth $830,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IWB. US Bancorp DE increased its stake in shares of iShares Russell 1000 ETF by 214.8% in the 3rd quarter. US Bancorp DE now owns 607,459 shares of the company’s stock worth $142,698,000 after acquiring an additional 1,136,554 shares during the last quarter. Pathstone Family Office LLC increased its stake in shares of iShares Russell 1000 ETF by 2,233.8% in the 3rd quarter. Pathstone Family Office LLC now owns 1,170,028 shares of the company’s stock worth $274,904,000 after acquiring an additional 1,119,893 shares during the last quarter. Comerica Bank purchased a new position in shares of iShares Russell 1000 ETF during the 3rd quarter worth $168,447,000. TIAA Trust National Association purchased a new position in shares of iShares Russell 1000 ETF during the 3rd quarter worth $166,212,000. Finally, International Assets Investment Management LLC grew its holdings in shares of iShares Russell 1000 ETF by 26,592.2% during the 4th quarter. International Assets Investment Management LLC now owns 600,575 shares of the company’s stock worth $157,507,000 after purchasing an additional 598,325 shares during the period.

iShares Russell 1000 ETF Stock Performance

Shares of NYSEARCA IWB traded up $2.65 during mid-day trading on Friday, reaching $279.45. 541,953 shares of the company’s stock were exchanged, compared to its average volume of 721,134. The firm has a market capitalization of $34.41 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. iShares Russell 1000 ETF has a 52-week low of $221.31 and a 52-week high of $288.75. The company’s 50-day moving average is $281.46 and its 200-day moving average is $263.51.

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.