Avestar Capital LLC Cuts Stock Holdings in iShares Russell 1000 ETF $IWB

Avestar Capital LLC decreased its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,699 shares of the company’s stock after selling 2,159 shares during the quarter. Avestar Capital LLC’s holdings in iShares Russell 1000 ETF were worth $7,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Synovus Financial Corp lifted its position in shares of iShares Russell 1000 ETF by 462.8% during the third quarter. Synovus Financial Corp now owns 8,498 shares of the company’s stock valued at $3,106,000 after purchasing an additional 6,988 shares in the last quarter. Essex Financial Services Inc. increased its stake in iShares Russell 1000 ETF by 2.0% in the 3rd quarter. Essex Financial Services Inc. now owns 6,395 shares of the company’s stock valued at $2,337,000 after buying an additional 128 shares during the last quarter. Advisors Capital Management LLC lifted its position in shares of iShares Russell 1000 ETF by 17.3% during the 3rd quarter. Advisors Capital Management LLC now owns 5,327 shares of the company’s stock worth $1,947,000 after buying an additional 786 shares in the last quarter. First National Bank of Omaha purchased a new position in shares of iShares Russell 1000 ETF in the 3rd quarter worth approximately $540,000. Finally, Maridea Wealth Management LLC grew its holdings in shares of iShares Russell 1000 ETF by 33.1% in the third quarter. Maridea Wealth Management LLC now owns 7,513 shares of the company’s stock valued at $2,768,000 after acquiring an additional 1,870 shares in the last quarter.

iShares Russell 1000 ETF Trading Up 0.5%

Shares of IWB opened at $376.28 on Thursday. The company has a market capitalization of $46.45 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. The stock has a 50 day moving average of $376.74 and a 200 day moving average of $368.12. iShares Russell 1000 ETF has a 12 month low of $264.17 and a 12 month high of $382.34.

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.