MAI Capital Management Trims Stock Position in iShares Russell 1000 ETF $IWB

MAI Capital Management trimmed its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.5% in the third quarter, Holdings Channel reports. The firm owned 79,225 shares of the company’s stock after selling 2,043 shares during the period. MAI Capital Management’s holdings in iShares Russell 1000 ETF were worth $28,955,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in iShares Russell 1000 ETF by 14.9% during the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after purchasing an additional 616,717 shares in the last quarter. Allstate Corp boosted its holdings in iShares Russell 1000 ETF by 1,077.8% during the 3rd quarter. Allstate Corp now owns 478,415 shares of the company’s stock valued at $174,851,000 after acquiring an additional 437,794 shares during the period. Jones Financial Companies Lllp grew its position in 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 valued at $4,092,759,000 after acquiring an additional 427,736 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in iShares Russell 1000 ETF by 506.5% during the second 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 during the period. Finally, Citigroup Inc. lifted its position in shares of iShares Russell 1000 ETF by 264.7% during the third quarter. Citigroup Inc. now owns 208,269 shares of the company’s stock worth $76,118,000 after purchasing an additional 151,168 shares in the last quarter.

iShares Russell 1000 ETF Stock Performance

Shares of IWB stock opened at $376.70 on Wednesday. The stock has a market capitalization of $46.50 billion, a P/E ratio of 24.71 and a beta of 1.01. The company has a 50 day moving average price of $376.91 and a 200 day moving average price of $369.08. iShares Russell 1000 ETF has a fifty-two week low of $264.17 and a fifty-two week 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.