Sequoia Financial Advisors LLC Reduces Position in iShares Russell 1000 ETF $IWB

Sequoia Financial Advisors LLC trimmed its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,728 shares of the company’s stock after selling 4,592 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.06% of iShares Russell 1000 ETF worth $26,645,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in iShares Russell 1000 ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock worth $58,807,000 after buying an additional 6,006 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of iShares Russell 1000 ETF by 56.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock valued at $486,000 after acquiring an additional 542 shares during the last quarter. First Trust Advisors LP raised its position in shares of iShares Russell 1000 ETF by 32.3% during the 2nd quarter. First Trust Advisors LP now owns 1,307 shares of the company’s stock worth $444,000 after acquiring an additional 319 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of iShares Russell 1000 ETF during the 2nd quarter worth about $2,403,000. Finally, Qube Research & Technologies Ltd lifted its stake in iShares Russell 1000 ETF by 18.6% during the second quarter. Qube Research & Technologies Ltd now owns 3,418 shares of the company’s stock worth $1,161,000 after purchasing an additional 535 shares during the last quarter.

iShares Russell 1000 ETF Stock Up 0.4%

IWB traded up $1.50 on Friday, reaching $413.11. The company’s stock had a trading volume of 364,019 shares, compared to its average volume of 1,294,392. The company has a market capitalization of $48.60 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a fifty-two week low of $339.54 and a fifty-two week high of $415.11. The stock has a 50 day moving average of $405.99 and a two-hundred day moving average of $385.39.

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.