PNC Financial Services Group Inc. Lowers Stock Position in iShares Russell 1000 ETF $IWB

PNC Financial Services Group Inc. lessened its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,358,504 shares of the company’s stock after selling 27,272 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Russell 1000 ETF were worth $861,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of iShares Russell 1000 ETF by 14.9% during the 2nd quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after acquiring an additional 616,717 shares during the last quarter. Allstate Corp lifted its stake in iShares Russell 1000 ETF by 1,077.8% during the third quarter. Allstate Corp now owns 478,415 shares of the company’s stock worth $174,851,000 after purchasing an additional 437,794 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of iShares Russell 1000 ETF by 3.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 11,256,502 shares of the company’s stock worth $4,092,759,000 after purchasing an additional 427,736 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of iShares Russell 1000 ETF by 506.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock worth $102,590,000 after purchasing an additional 252,307 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of iShares Russell 1000 ETF by 4.0% during the 2nd quarter. M&T Bank Corp now owns 2,923,970 shares of the company’s stock valued at $992,892,000 after purchasing an additional 112,152 shares during the last quarter.

iShares Russell 1000 ETF Price Performance

NYSEARCA:IWB opened at $373.74 on Friday. The company has a market capitalization of $46.14 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. The business has a 50 day moving average of $376.76 and a 200 day moving average of $367.51. iShares Russell 1000 ETF has a 1-year low of $264.17 and a 1-year high of $382.34.

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.