Destination Wealth Management Sells 304 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Destination Wealth Management cut its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,515 shares of the company’s stock after selling 304 shares during the period. Destination Wealth Management’s holdings in iShares Russell 1000 ETF were worth $5,192,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Etesian Wealth Advisors Inc. increased its position in shares of 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 valued at $390,000 after acquiring an additional 301 shares during the period. Mechanics Bank Trust Department purchased a new position in shares of iShares Russell 1000 ETF in the third quarter valued at about $597,000. Morton Capital Management LLC CA increased its position 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 during the period. First Citizens Bank & Trust Co. increased its position in shares of iShares Russell 1000 ETF by 125.2% in the third quarter. First Citizens Bank & Trust Co. now owns 11,686 shares of the company’s stock valued at $3,674,000 after acquiring an additional 6,497 shares during the period. Finally, Highland Capital Management LLC increased its position in shares of iShares Russell 1000 ETF by 10.9% in the second quarter. Highland Capital Management LLC now owns 10,772 shares of the company’s stock valued at $3,205,000 after acquiring an additional 1,061 shares during the period.

iShares Russell 1000 ETF Trading Down 0.2 %

Shares of IWB stock traded down $0.76 during mid-day trading on Thursday, reaching $334.25. The stock had a trading volume of 23,715 shares, compared to its average volume of 811,179. The stock’s 50-day moving average price is $323.10 and its two-hundred day moving average price is $308.54. iShares Russell 1000 ETF has a 52-week low of $255.30 and a 52-week high of $336.18. The firm has a market capitalization of $41.03 billion, a PE ratio of 24.68 and a beta of 1.01.

iShares Russell 1000 ETF Profile

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.