Sachetta LLC Reduces Stake in iShares Russell 1000 ETF (NYSEARCA:IWB)

Sachetta LLC decreased its holdings in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 77,526 shares of the company’s stock after selling 282 shares during the period. iShares Russell 1000 ETF comprises approximately 9.9% of Sachetta LLC’s portfolio, making the stock its biggest holding. Sachetta LLC’s holdings in iShares Russell 1000 ETF were worth $24,976,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IWB. Cypress Wealth Services LLC boosted its holdings in iShares Russell 1000 ETF by 0.7% during the third quarter. Cypress Wealth Services LLC now owns 4,960 shares of the company’s stock worth $1,559,000 after buying an additional 33 shares in the last quarter. Traynor Capital Management Inc. boosted its stake in shares of iShares Russell 1000 ETF by 4.1% during the 4th quarter. Traynor Capital Management Inc. now owns 862 shares of the company’s stock worth $278,000 after acquiring an additional 34 shares in the last quarter. Evensky & Katz LLC grew its holdings in shares of iShares Russell 1000 ETF by 0.3% in the 3rd quarter. Evensky & Katz LLC now owns 10,201 shares of the company’s stock worth $3,207,000 after acquiring an additional 35 shares during the last quarter. Lansing Street Advisors raised its position in shares of iShares Russell 1000 ETF by 0.3% during the third quarter. Lansing Street Advisors now owns 10,144 shares of the company’s stock worth $3,189,000 after purchasing an additional 35 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC lifted its holdings in shares of iShares Russell 1000 ETF by 0.3% during the third quarter. Riverpoint Wealth Management Holdings LLC now owns 10,720 shares of the company’s stock valued at $3,370,000 after purchasing an additional 36 shares during the last quarter.

iShares Russell 1000 ETF Stock Down 0.2 %

NYSEARCA:IWB opened at $335.17 on Friday. The stock has a fifty day simple moving average of $328.36 and a 200 day simple moving average of $315.46. The firm has a market capitalization of $41.14 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. iShares Russell 1000 ETF has a 1-year low of $265.70 and a 1-year high of $336.61.

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.