Ballentine Partners LLC Trims Stake in iShares Russell 3000 ETF $IWV

Ballentine Partners LLC cut its stake in iShares Russell 3000 ETF (NYSEARCA:IWV) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,695 shares of the company’s stock after selling 34,911 shares during the quarter. iShares Russell 3000 ETF makes up approximately 0.7% of Ballentine Partners LLC’s investment portfolio, making the stock its 21st largest position. Ballentine Partners LLC’s holdings in iShares Russell 3000 ETF were worth $50,946,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of iShares Russell 3000 ETF in the third quarter worth about $28,000. Laurel Wealth Advisors LLC acquired a new position in iShares Russell 3000 ETF in the 4th quarter worth about $64,000. Lodestone Wealth Management LLC acquired a new stake in iShares Russell 3000 ETF in the fourth quarter valued at approximately $64,000. Missouri Trust & Investment Co acquired a new stake in iShares Russell 3000 ETF in the third quarter valued at approximately $63,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of iShares Russell 3000 ETF in the third quarter valued at approximately $66,000.

iShares Russell 3000 ETF Price Performance

Shares of IWV stock opened at $418.32 on Friday. The company has a market cap of $19.37 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. The stock has a 50 day simple moving average of $387.78 and a 200-day simple moving average of $387.92. iShares Russell 3000 ETF has a 1-year low of $320.52 and a 1-year high of $418.56.

About iShares Russell 3000 ETF

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.