Mechanics Bank Trust Department Invests $29,000 in iShares Russell 1000 ETF (NYSEARCA:IWB)

Mechanics Bank Trust Department bought a new stake in iShares Russell 1000 ETF (NYSEARCA:IWB) during the third quarter, HoldingsChannel reports. The institutional investor bought 179 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds also recently bought and sold shares of the stock. Evensky & Katz LLC lifted its stake in shares of iShares Russell 1000 ETF by 0.5% during the 2nd quarter. Evensky & Katz LLC now owns 12,091 shares of the company’s stock worth $1,968,000 after purchasing an additional 64 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of iShares Russell 1000 ETF by 19.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 400 shares of the company’s stock worth $65,000 after buying an additional 65 shares during the last quarter. Abbrea Capital LLC increased its holdings in shares of iShares Russell 1000 ETF by 0.9% during the 2nd quarter. Abbrea Capital LLC now owns 7,493 shares of the company’s stock worth $1,220,000 after buying an additional 70 shares during the last quarter. Mission Wealth Management LP increased its holdings in shares of iShares Russell 1000 ETF by 3.3% during the 2nd quarter. Mission Wealth Management LP now owns 2,179 shares of the company’s stock worth $355,000 after buying an additional 70 shares during the last quarter. Finally, Concentric Wealth Management LLC increased its holdings in shares of iShares Russell 1000 ETF by 2.7% during the 2nd quarter. Concentric Wealth Management LLC now owns 2,844 shares of the company’s stock worth $463,000 after buying an additional 75 shares during the last quarter.

IWB stock opened at $166.20 on Tuesday. The business has a fifty day simple moving average of $164.48 and a 200-day simple moving average of $162.34. iShares Russell 1000 ETF has a 52 week low of $129.68 and a 52 week high of $168.10.

The company also recently disclosed a — dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.722 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a dividend yield of 1.9%.

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.

Featured Article: Understanding the different types of bonds

Want to see what other hedge funds are holding IWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell 1000 ETF (NYSEARCA:IWB).

Institutional Ownership by Quarter for iShares Russell 1000 ETF (NYSEARCA:IWB)

Receive News & Ratings for iShares Russell 1000 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Russell 1000 ETF and related companies with MarketBeat.com's FREE daily email newsletter.