Sequoia Financial Advisors LLC Lowers Stake in iShares Russell 1000 ETF $IWB

Sequoia Financial Advisors LLC lowered its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 5.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 74,728 shares of the company’s stock after selling 4,592 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $26,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its holdings in shares of iShares Russell 1000 ETF by 86.1% during 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 during the period. Bank of America Corp DE increased its stake in iShares Russell 1000 ETF by 14.9% in the 2nd 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 during the period. Allstate Corp raised its position in iShares Russell 1000 ETF by 125.4% during the 4th quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock worth $402,632,000 after buying an additional 599,755 shares during the last quarter. Millennium Management LLC purchased a new position in iShares Russell 1000 ETF during the 4th quarter worth $169,963,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter worth $133,604,000.

iShares Russell 1000 ETF Trading Up 0.4%

Shares of NYSEARCA:IWB traded up $1.50 during midday trading on Friday, hitting $413.11. The stock had a trading volume of 364,019 shares, compared to its average volume of 1,294,392. The company has a market capitalization of $48.60 billion, a PE ratio of 24.71 and a beta of 1.00. The stock has a 50 day moving average price of $405.99 and a two-hundred day moving average price of $385.39. iShares Russell 1000 ETF has a 1 year low of $339.54 and a 1 year high of $415.11.

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.