Nixon Peabody Trust Co. Cuts Position in iShares Russell 1000 ETF $IWB

Nixon Peabody Trust Co. lowered its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 23.0% in the third quarter, Holdings Channel reports. The firm owned 120,036 shares of the company’s stock after selling 35,884 shares during the quarter. iShares Russell 1000 ETF comprises about 3.2% of Nixon Peabody Trust Co.’s holdings, making the stock its 7th biggest position. Nixon Peabody Trust Co.’s holdings in iShares Russell 1000 ETF were worth $43,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new position in iShares Russell 1000 ETF in the second quarter valued at approximately $30,000. Caldwell Trust Co bought a new stake in shares of iShares Russell 1000 ETF in the 2nd quarter valued at about $30,000. Highline Wealth Partners LLC acquired a new stake in iShares Russell 1000 ETF in the 3rd quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC grew its holdings in iShares Russell 1000 ETF by 75.0% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 91 shares of the company’s stock worth $31,000 after purchasing an additional 39 shares during the period. Finally, eCIO Inc. bought a new position in iShares Russell 1000 ETF during the first quarter worth about $36,000.

iShares Russell 1000 ETF Stock Down 0.0%

NYSEARCA:IWB opened at $378.10 on Monday. iShares Russell 1000 ETF has a 12-month low of $264.17 and a 12-month high of $378.86. The firm has a market capitalization of $45.52 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. The stock’s 50 day moving average price is $371.51 and its two-hundred day moving average price is $358.30.

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.