Sandy Spring Bank cut its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,671 shares of the company’s stock after selling 419 shares during the period. Sandy Spring Bank’s holdings in iShares Russell 1000 ETF were worth $7,792,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at approximately $28,000. Strategic Blueprint LLC acquired a new stake in iShares Russell 1000 ETF in the third quarter valued at approximately $26,000. Mechanics Bank Trust Department acquired a new stake in iShares Russell 1000 ETF in the third quarter valued at approximately $29,000. 1 North Wealth Services LLC acquired a new stake in iShares Russell 1000 ETF in the third quarter valued at approximately $30,000. Finally, Affiance Financial LLC acquired a new stake in iShares Russell 1000 ETF in the fourth quarter valued at approximately $34,000.
IWB traded up $0.33 during trading on Friday, hitting $187.50. The stock had a trading volume of 42,343 shares, compared to its average volume of 917,735. iShares Russell 1000 ETF has a twelve month low of $151.66 and a twelve month high of $187.76. The stock has a 50 day simple moving average of $181.73 and a two-hundred day simple moving average of $170.95.
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.
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