Mechanics Bank Trust Department Purchases New Holdings in iShares Russell 1000 ETF $IWB

Mechanics Bank Trust Department purchased a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,900 shares of the company’s stock, valued at approximately $791,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC grew its position in iShares Russell 1000 ETF by 127.6% during the 2nd quarter. MCF Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 37 shares in the last quarter. Planning Strategies Inc. purchased a new stake in shares of iShares Russell 1000 ETF in the third quarter valued at $30,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Russell 1000 ETF in the first quarter valued at $28,000. Coppell Advisory Solutions LLC acquired a new stake in shares of iShares Russell 1000 ETF in the second quarter worth $36,000. Finally, Wagner Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 ETF in the first quarter worth $32,000.

iShares Russell 1000 ETF Stock Performance

Shares of IWB stock traded down $0.15 on Tuesday, reaching $424.78. 190,737 shares of the company’s stock traded hands, compared to its average volume of 1,021,564. iShares Russell 1000 ETF has a 12-month low of $345.21 and a 12-month high of $427.04. The company has a market capitalization of $49.59 billion, a P/E ratio of 24.71 and a beta of 1.00. The business’s 50 day moving average price is $420.28 and its two-hundred day moving average price is $405.67.

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.