Montecito Bank & Trust Sells 997 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Montecito Bank & Trust lowered its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,759 shares of the company’s stock after selling 997 shares during the quarter. Montecito Bank & Trust’s holdings in iShares Russell 1000 ETF were worth $2,125,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Financial Services Advisory Inc increased its position in shares of iShares Russell 1000 ETF by 1.5% in the third quarter. Financial Services Advisory Inc now owns 57,437 shares of the company’s stock valued at $18,058,000 after acquiring an additional 834 shares during the last quarter. US Financial Advisors LLC raised its stake in shares of iShares Russell 1000 ETF by 2.0% during the 3rd quarter. US Financial Advisors LLC now owns 136,930 shares of the company’s stock worth $43,049,000 after purchasing an additional 2,633 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in shares of iShares Russell 1000 ETF by 0.6% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 25,757 shares of the company’s stock worth $8,098,000 after purchasing an additional 147 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in shares of iShares Russell 1000 ETF by 50.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 5,181 shares of the company’s stock valued at $1,629,000 after buying an additional 1,747 shares during the last quarter. Finally, Landmark Wealth Management LLC acquired a new position in iShares Russell 1000 ETF during the third quarter worth $1,378,000.

iShares Russell 1000 ETF Price Performance

Shares of IWB stock opened at $324.97 on Thursday. The stock has a market cap of $39.89 billion, a P/E ratio of 24.68 and a beta of 1.01. The company has a fifty day moving average price of $312.44 and a two-hundred day moving average price of $300.67. iShares Russell 1000 ETF has a one year low of $237.52 and a one year high of $325.46.

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.