SVB Wealth LLC Sells 2,484 Shares of iShares Russell 1000 ETF $IWB

SVB Wealth LLC reduced its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 28.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,211 shares of the company’s stock after selling 2,484 shares during the quarter. SVB Wealth LLC’s holdings in iShares Russell 1000 ETF were worth $2,543,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of iShares Russell 1000 ETF by 4.9% in the 1st quarter. Bank of America Corp DE now owns 5,155,585 shares of the company’s stock worth $1,838,275,000 after purchasing an additional 240,695 shares during the period. PNC Financial Services Group Inc. increased its position in shares of iShares Russell 1000 ETF by 1.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,329,545 shares of the company’s stock valued at $830,623,000 after buying an additional 32,054 shares during the period. Focus Partners Wealth increased its position in shares of iShares Russell 1000 ETF by 12.4% during the fourth quarter. Focus Partners Wealth now owns 1,955,205 shares of the company’s stock valued at $730,139,000 after buying an additional 215,456 shares during the period. Catalyst Capital Advisors LLC increased its position in shares of iShares Russell 1000 ETF by 12.2% during the first quarter. Catalyst Capital Advisors LLC now owns 1,641,733 shares of the company’s stock valued at $585,376,000 after buying an additional 179,128 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in iShares Russell 1000 ETF by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,342,895 shares of the company’s stock worth $501,491,000 after buying an additional 21,540 shares in the last quarter.

iShares Russell 1000 ETF Price Performance

Shares of IWB opened at $419.05 on Wednesday. iShares Russell 1000 ETF has a one year low of $345.21 and a one year high of $426.92. The company has a 50-day simple moving average of $415.08 and a two-hundred day simple moving average of $396.85. The firm has a market capitalization of $49.53 billion, a PE 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.