Arbor Investment Advisors LLC Reduces Position in iShares Russell 1000 ETF (NYSEARCA:IWB)

Arbor Investment Advisors LLC lessened its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.6% during the third quarter, HoldingsChannel.com reports. The firm owned 350,393 shares of the company’s stock after selling 2,283 shares during the quarter. iShares Russell 1000 ETF makes up about 14.6% of Arbor Investment Advisors LLC’s holdings, making the stock its biggest holding. Arbor Investment Advisors LLC’s holdings in iShares Russell 1000 ETF were worth $110,160,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in iShares Russell 1000 ETF by 26,328.0% during the third quarter. International Assets Investment Management LLC now owns 605,201 shares of the company’s stock worth $190,269,000 after purchasing an additional 602,911 shares during the last quarter. Millennium Management LLC raised its stake in shares of iShares Russell 1000 ETF by 4,016.4% during the second quarter. Millennium Management LLC now owns 357,509 shares of the company’s stock valued at $106,373,000 after acquiring an additional 348,824 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in iShares Russell 1000 ETF in the second quarter worth about $59,508,000. Cetera Investment Advisers boosted its position in shares of iShares Russell 1000 ETF by 198.8% in the 1st quarter. Cetera Investment Advisers now owns 272,822 shares of the company’s stock worth $78,581,000 after purchasing an additional 181,531 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in iShares Russell 1000 ETF by 17.5% in the 1st quarter. Captrust Financial Advisors now owns 968,007 shares of the company’s stock valued at $278,815,000 after acquiring an additional 144,508 shares in the last quarter.

iShares Russell 1000 ETF Stock Performance

Shares of IWB stock traded up $1.31 during mid-day trading on Monday, reaching $318.70. 482,795 shares of the company’s stock traded hands, compared to its average volume of 800,474. The firm has a market capitalization of $39.12 billion, a PE ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 12 month low of $225.99 and a 12 month high of $321.24. The firm has a 50 day moving average price of $310.77 and a two-hundred day moving average price of $298.61.

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.