M&T Bank Corp trimmed its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB – Free Report) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,108,511 shares of the company’s stock after selling 52,761 shares during the quarter. iShares Russell 1000 ETF comprises 3.2% of M&T Bank Corp’s investment portfolio, making the stock its 5th biggest holding. M&T Bank Corp owned 2.53% of iShares Russell 1000 ETF worth $977,285,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of IWB. Etesian Wealth Advisors Inc. grew its position in iShares Russell 1000 ETF by 32.0% in the 3rd quarter. Etesian Wealth Advisors Inc. now owns 1,241 shares of the company’s stock valued at $390,000 after buying an additional 301 shares during the last quarter. Mechanics Bank Trust Department acquired a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter worth $597,000. Morton Capital Management LLC CA boosted its holdings in shares of iShares Russell 1000 ETF by 0.9% in the third quarter. Morton Capital Management LLC CA now owns 5,065 shares of the company’s stock valued at $1,592,000 after acquiring an additional 43 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of iShares Russell 1000 ETF by 125.2% during the third 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 during the period. Finally, Highland Capital Management LLC increased its stake in shares of iShares Russell 1000 ETF by 10.9% during the second quarter. Highland Capital Management LLC now owns 10,772 shares of the company’s stock worth $3,205,000 after acquiring an additional 1,061 shares during the period.
iShares Russell 1000 ETF Stock Up 1.1 %
Shares of NYSEARCA:IWB opened at $324.95 on Friday. iShares Russell 1000 ETF has a 52 week low of $257.07 and a 52 week high of $336.18. The company has a 50-day moving average price of $325.57 and a 200 day moving average price of $310.51. The company has a market cap of $39.89 billion, a P/E 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.
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