iShares Russell 1000 ETF (NYSEARCA:IWB) Shares Sold by Daido Life Insurance Co.

Daido Life Insurance Co. lowered its position in iShares Russell 1000 ETF (NYSEARCA:IWB) by 30.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 537,123 shares of the company’s stock after selling 234,315 shares during the period. iShares Russell 1000 ETF comprises approximately 22.5% of Daido Life Insurance Co.’s holdings, making the stock its 3rd largest position. Daido Life Insurance Co.’s holdings in iShares Russell 1000 ETF were worth $168,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in iShares Russell 1000 ETF by 239.3% in the third quarter. Sound Income Strategies LLC now owns 95 shares of the company’s stock valued at $30,000 after buying an additional 67 shares during the last quarter. LRI Investments LLC purchased a new stake in iShares Russell 1000 ETF in the first quarter valued at approximately $27,000. Winch Advisory Services LLC purchased a new stake in iShares Russell 1000 ETF in the third quarter valued at approximately $30,000. Transcendent Capital Group LLC raised its stake in shares of iShares Russell 1000 ETF by 76.4% during the second quarter. Transcendent Capital Group LLC now owns 97 shares of the company’s stock worth $29,000 after purchasing an additional 42 shares during the last quarter. Finally, Clarkston Capital Partners LLC purchased a new stake in shares of iShares Russell 1000 ETF during the third quarter worth approximately $32,000.

iShares Russell 1000 ETF Price Performance

iShares Russell 1000 ETF stock opened at $328.90 on Friday. iShares Russell 1000 ETF has a 12 month low of $248.88 and a 12 month high of $330.43. The business has a 50 day simple moving average of $318.08 and a 200-day simple moving average of $304.71. The stock has a market capitalization of $40.37 billion, a PE ratio of 24.68 and a beta of 1.01.

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.