Arbor Investment Advisors LLC Has $108.73 Million Stock Position in iShares Russell 1000 ETF $IWB

Arbor Investment Advisors LLC trimmed its holdings in iShares Russell 1000 ETF (NYSEARCA:IWB) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 291,167 shares of the company’s stock after selling 10,462 shares during the quarter. iShares Russell 1000 ETF accounts for about 14.3% of Arbor Investment Advisors LLC’s holdings, making the stock its biggest holding. Arbor Investment Advisors LLC owned approximately 0.23% of iShares Russell 1000 ETF worth $108,733,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IWB. Smith Moore & CO. increased its stake in shares of iShares Russell 1000 ETF by 3.0% in the fourth quarter. Smith Moore & CO. now owns 7,924 shares of the company’s stock worth $2,959,000 after buying an additional 234 shares during the period. Choreo LLC increased its stake in shares of iShares Russell 1000 ETF by 5.1% in the fourth quarter. Choreo LLC now owns 143,474 shares of the company’s stock worth $53,975,000 after buying an additional 7,027 shares during the period. Fifth Third Securities Inc. increased its position in iShares Russell 1000 ETF by 2.3% during the 4th quarter. Fifth Third Securities Inc. now owns 13,459 shares of the company’s stock valued at $5,026,000 after purchasing an additional 297 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in iShares Russell 1000 ETF by 20.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,623 shares of the company’s stock valued at $5,087,000 after purchasing an additional 2,293 shares during the period. Finally, Clear Creek Financial Management LLC increased its position in iShares Russell 1000 ETF by 3.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 1,919 shares of the company’s stock valued at $717,000 after purchasing an additional 65 shares during the period.

iShares Russell 1000 ETF Stock Performance

Shares of iShares Russell 1000 ETF stock opened at $372.04 on Monday. The company’s fifty day simple moving average is $368.98 and its two-hundred day simple moving average is $371.02. The company has a market cap of $44.12 billion, a P/E ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 12-month low of $279.04 and a 12-month high of $382.34.

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.