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

SVB Wealth LLC lowered its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 28.6% in the 2nd quarter, according to its most recent Form 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 quarter.

A number of other hedge funds have also recently modified their holdings of the business. Integrated Wealth Concepts LLC grew its position in shares of iShares Russell 1000 ETF by 7.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 70,239 shares of the company’s stock worth $28,763,000 after buying an additional 4,981 shares during the period. RFG Advisory LLC increased its stake in shares of iShares Russell 1000 ETF by 7.3% in the 2nd quarter. RFG Advisory LLC now owns 1,626 shares of the company’s stock worth $666,000 after acquiring an additional 110 shares in the last quarter. NewEdge Advisors LLC lifted its position in iShares Russell 1000 ETF by 2.1% during the 2nd quarter. NewEdge Advisors LLC now owns 128,083 shares of the company’s stock valued at $52,450,000 after acquiring an additional 2,685 shares during the period. Squarepoint Ops LLC purchased a new position in iShares Russell 1000 ETF during the 2nd quarter valued at about $3,409,000. Finally, Centerline Wealth Advisors LLC bought a new stake in iShares Russell 1000 ETF during the second quarter worth about $11,252,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB opened at $419.05 on Wednesday. The stock has a market cap of $49.53 billion, a PE ratio of 24.71 and a beta of 1.00. iShares Russell 1000 ETF has a fifty-two week low of $345.21 and a fifty-two week high of $426.92. The firm’s 50-day simple moving average is $415.08 and its two-hundred day simple moving average is $396.85.

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.