Royal Bank of Canada Reduces Position in iShares Russell 1000 ETF $IWB

Royal Bank of Canada trimmed its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 29.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,116 shares of the company’s stock after selling 158,143 shares during the period. Royal Bank of Canada’s holdings in iShares Russell 1000 ETF were worth $134,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE boosted its position in iShares Russell 1000 ETF by 14.9% during the second quarter. Bank of America Corp DE now owns 4,768,103 shares of the company’s stock worth $1,619,105,000 after acquiring an additional 616,717 shares during the last quarter. Allstate Corp grew its stake in iShares Russell 1000 ETF by 125.4% during the 4th quarter. Allstate Corp now owns 1,078,170 shares of the company’s stock valued at $402,632,000 after acquiring an additional 599,755 shares in the last quarter. Fifth Third Bancorp raised its holdings in iShares Russell 1000 ETF by 145.7% in the 1st quarter. Fifth Third Bancorp now owns 849,980 shares of the company’s stock valued at $303,069,000 after acquiring an additional 504,045 shares during the last quarter. Millennium Management LLC acquired a new stake in iShares Russell 1000 ETF in the 4th quarter valued at about $169,963,000. Finally, Orion Porfolio Solutions LLC raised its holdings in iShares Russell 1000 ETF by 506.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 302,116 shares of the company’s stock valued at $102,590,000 after acquiring an additional 252,307 shares during the last quarter.

iShares Russell 1000 ETF Price Performance

IWB opened at $405.80 on Friday. The firm has a market capitalization of $47.90 billion, a price-to-earnings ratio of 24.71 and a beta of 1.00. The company’s 50 day simple moving average is $407.53 and its two-hundred day simple moving average is $388.42. iShares Russell 1000 ETF has a 1-year low of $340.11 and a 1-year high of $415.11.

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.