Modern Wealth Management LLC Boosts Stake in iShares Russell 3000 ETF $IWV

Modern Wealth Management LLC boosted its position in iShares Russell 3000 ETF (NYSEARCA:IWV) by 91.2% in the 1st quarter, Holdings Channel reports. The firm owned 4,385 shares of the company’s stock after buying an additional 2,091 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares Russell 3000 ETF were worth $1,637,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. American Family Investments Inc. grew its stake in shares of iShares Russell 3000 ETF by 687.5% during the fourth quarter. American Family Investments Inc. now owns 271,840 shares of the company’s stock valued at $105,161,000 after buying an additional 237,322 shares during the last quarter. Align Financial LLC bought a new stake in shares of iShares Russell 3000 ETF during the 4th quarter worth approximately $69,589,000. Beacon Pointe Advisors LLC lifted its stake in shares of iShares Russell 3000 ETF by 1,265.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 174,191 shares of the company’s stock worth $67,386,000 after acquiring an additional 161,432 shares during the last quarter. Calamos Advisors LLC purchased a new position in iShares Russell 3000 ETF during the 1st quarter valued at $57,055,000. Finally, Brown Advisory Inc. boosted its holdings in iShares Russell 3000 ETF by 345.6% during the 4th quarter. Brown Advisory Inc. now owns 159,824 shares of the company’s stock valued at $61,828,000 after acquiring an additional 123,953 shares during the period.

iShares Russell 3000 ETF Stock Up 0.1%

Shares of iShares Russell 3000 ETF stock opened at $420.65 on Friday. The stock’s fifty day moving average is $423.76 and its two-hundred day moving average is $402.82. iShares Russell 3000 ETF has a 52 week low of $351.69 and a 52 week high of $431.32. The company has a market capitalization of $19.43 billion, a PE ratio of 25.11 and a beta of 1.01.

iShares Russell 3000 ETF Company Profile

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.