Sentinel Wealth Management Inc. Sells 1,473 Shares of iShares Russell 1000 ETF $IWB

Sentinel Wealth Management Inc. lowered its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 51,909 shares of the company’s stock after selling 1,473 shares during the period. iShares Russell 1000 ETF accounts for about 16.1% of Sentinel Wealth Management Inc.’s portfolio, making the stock its largest position. Sentinel Wealth Management Inc.’s holdings in iShares Russell 1000 ETF were worth $19,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IWB. Focus Partners Wealth boosted its holdings in iShares Russell 1000 ETF by 86.1% in the third quarter. Focus Partners Wealth now owns 1,739,749 shares of the company’s stock worth $635,852,000 after purchasing an additional 805,083 shares in the last quarter. Bank of America Corp DE raised its holdings 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 valued at $1,619,105,000 after buying an additional 616,717 shares in the last quarter. Allstate Corp raised its holdings in iShares Russell 1000 ETF by 1,077.8% during the third quarter. Allstate Corp now owns 478,415 shares of the company’s stock valued at $174,851,000 after buying an additional 437,794 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of iShares Russell 1000 ETF by 3.9% in the third quarter. Jones Financial Companies Lllp now owns 11,256,502 shares of the company’s stock worth $4,092,759,000 after buying an additional 427,736 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of iShares Russell 1000 ETF in the third quarter worth about $133,604,000.

iShares Russell 1000 ETF Stock Performance

IWB opened at $354.95 on Monday. The company has a market cap of $43.82 billion, a PE ratio of 24.71 and a beta of 1.01. The stock has a 50-day moving average of $374.65 and a 200-day moving average of $371.15. iShares Russell 1000 ETF has a 52-week low of $264.17 and a 52-week 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.