Truist Financial Corp Sells 296 Shares of iShares Russell 1000 ETF (NYSEARCA:IWB)

Truist Financial Corp reduced its stake in shares of iShares Russell 1000 ETF (NYSEARCA:IWB) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,996 shares of the company’s stock after selling 296 shares during the quarter. Truist Financial Corp owned about 0.33% of iShares Russell 1000 ETF worth $120,800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pathstone Holdings LLC bought a new stake in shares of iShares Russell 1000 ETF during the fourth quarter worth $303,994,000. Millennium Management LLC increased its position in iShares Russell 1000 ETF by 4,016.4% in the second quarter. Millennium Management LLC now owns 357,509 shares of the company’s stock worth $106,373,000 after purchasing an additional 348,824 shares during the period. Winthrop Advisory Group LLC raised its holdings in iShares Russell 1000 ETF by 392.0% during the 1st quarter. Winthrop Advisory Group LLC now owns 254,787 shares of the company’s stock worth $73,386,000 after purchasing an additional 203,000 shares during the last quarter. Cetera Investment Advisers lifted its position in iShares Russell 1000 ETF by 198.8% during the 1st quarter. Cetera Investment Advisers now owns 272,822 shares of the company’s stock valued at $78,581,000 after purchasing an additional 181,531 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell 1000 ETF by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,512,821 shares of the company’s stock valued at $1,183,533,000 after purchasing an additional 146,971 shares during the last quarter.

iShares Russell 1000 ETF Price Performance

IWB opened at $314.33 on Tuesday. iShares Russell 1000 ETF has a fifty-two week low of $224.41 and a fifty-two week high of $314.80. The company has a market cap of $38.58 billion, a price-to-earnings ratio of 24.68 and a beta of 1.01. The firm has a 50 day simple moving average of $302.72 and a 200 day simple moving average of $294.47.

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.