Montecito Bank & Trust Buys 3,334 Shares of iShares Russell 1000 ETF $IWB

Montecito Bank & Trust purchased a new position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,334 shares of the company’s stock, valued at approximately $1,387,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IWB. Coastline Trust Co purchased a new stake in shares of iShares Russell 1000 ETF during the 3rd quarter worth about $392,000. Security National Bank of Sioux City Iowa IA purchased a new position in shares of iShares Russell 1000 ETF in the 2nd quarter valued at about $98,000. Tidal Investments LLC increased its stake in shares of iShares Russell 1000 ETF by 4.8% in the 2nd quarter. Tidal Investments LLC now owns 19,793 shares of the company’s stock valued at $8,105,000 after purchasing an additional 910 shares in the last quarter. MCF Advisors LLC raised its holdings in iShares Russell 1000 ETF by 127.6% in the 2nd quarter. MCF Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 37 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in iShares Russell 1000 ETF by 7.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 70,239 shares of the company’s stock worth $28,763,000 after purchasing an additional 4,981 shares during the period.

iShares Russell 1000 ETF Price Performance

IWB stock traded up $0.84 during mid-day trading on Thursday, reaching $416.97. 395,579 shares of the company’s stock were exchanged, compared to its average volume of 1,046,158. iShares Russell 1000 ETF has a 12-month low of $345.21 and a 12-month high of $426.92. The stock’s 50 day moving average is $417.49 and its 200 day moving average is $401.74. The company has a market cap of $48.68 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00.

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.