Scharf Investments LLC Reduces Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Scharf Investments LLC lowered its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 48.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,351 shares of the company’s stock after selling 1,267 shares during the quarter. Scharf Investments LLC’s holdings in iShares Russell 1000 ETF were worth $389,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IWB. O Shaughnessy Asset Management LLC lifted its holdings in shares of iShares Russell 1000 ETF by 0.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 8,838 shares of the company’s stock valued at $2,076,000 after buying an additional 44 shares during the period. Trexquant Investment LP lifted its holdings in shares of iShares Russell 1000 ETF by 98.0% in the 3rd quarter. Trexquant Investment LP now owns 8,572 shares of the company’s stock valued at $2,014,000 after buying an additional 4,242 shares during the period. Synovus Financial Corp lifted its holdings in shares of iShares Russell 1000 ETF by 6.5% in the 3rd quarter. Synovus Financial Corp now owns 3,264 shares of the company’s stock valued at $767,000 after buying an additional 198 shares during the period. Cape Cod Five Cents Savings Bank acquired a new position in iShares Russell 1000 ETF during the third quarter worth $267,000. Finally, SMI Advisory Services LLC acquired a new position in iShares Russell 1000 ETF during the third quarter worth $769,000.

iShares Russell 1000 ETF Stock Performance

IWB stock traded up $0.42 during midday trading on Thursday, hitting $298.69. 564,443 shares of the stock were exchanged, compared to its average volume of 775,188. The stock’s 50-day moving average price is $288.11 and its 200-day moving average price is $278.27. The stock has a market cap of $36.66 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a fifty-two week low of $224.41 and a fifty-two week high of $299.59.

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.