Arbor Wealth Advisors LLC Trims Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Arbor Wealth Advisors LLC reduced its position in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 9.7% during the 1st quarter, HoldingsChannel reports. The firm owned 1,419 shares of the company’s stock after selling 153 shares during the period. Arbor Wealth Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $435,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Moulton Wealth Management Inc. purchased a new position in iShares Russell 1000 ETF during the 1st quarter worth $561,000. Miracle Mile Advisors LLC purchased a new position in iShares Russell 1000 ETF during the 1st quarter worth $206,000. Patriot Financial Group Insurance Agency LLC increased its holdings in iShares Russell 1000 ETF by 54.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,675 shares of the company’s stock worth $514,000 after purchasing an additional 594 shares during the period. ONE Advisory Partners LLC increased its holdings in iShares Russell 1000 ETF by 9.8% during the 1st quarter. ONE Advisory Partners LLC now owns 2,421 shares of the company’s stock worth $743,000 after purchasing an additional 216 shares during the period. Finally, Independence Bank of Kentucky increased its holdings in iShares Russell 1000 ETF by 55.8% during the 1st quarter. Independence Bank of Kentucky now owns 433 shares of the company’s stock worth $133,000 after purchasing an additional 155 shares during the period.

iShares Russell 1000 ETF Stock Up 1.0%

IWB opened at $329.47 on Friday. The company has a market capitalization of $40.18 billion, a P/E ratio of 24.42 and a beta of 1.02. The stock’s fifty day moving average is $307.17 and its two-hundred day moving average is $319.14. iShares Russell 1000 ETF has a 52 week low of $264.17 and a 52 week high of $337.76.

iShares Russell 1000 ETF Company 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.