iShares Russell 3000 ETF (NYSEARCA:IWV) Sees Strong Trading Volume – Should You Buy?

iShares Russell 3000 ETF (NYSEARCA:IWV) shares saw unusually-high trading volume on Friday. 366,741 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 239,007 shares. The stock last traded at $435.1410 and had previously closed at $434.91.

iShares Russell 3000 ETF Stock Up 0.4%

The firm has a 50 day moving average of $433.15 and a 200 day moving average of $416.18. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01.

Institutional Trading of iShares Russell 3000 ETF

Several large investors have recently modified their holdings of IWV. Pittenger & Anderson Inc. grew its position in iShares Russell 3000 ETF by 8.4% in the first quarter. Pittenger & Anderson Inc. now owns 428 shares of the company’s stock worth $159,000 after acquiring an additional 33 shares during the period. Modera Wealth Management LLC raised its position in iShares Russell 3000 ETF by 0.6% in the first quarter. Modera Wealth Management LLC now owns 6,264 shares of the company’s stock valued at $2,322,000 after purchasing an additional 35 shares during the period. Klingenstein Fields & Co. LP lifted its stake in shares of iShares Russell 3000 ETF by 0.3% in the 4th quarter. Klingenstein Fields & Co. LP now owns 14,900 shares of the company’s stock valued at $5,764,000 after purchasing an additional 38 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of iShares Russell 3000 ETF by 1.4% in the 1st quarter. International Assets Investment Management LLC now owns 2,891 shares of the company’s stock valued at $1,079,000 after purchasing an additional 39 shares during the last quarter. Finally, Cahaba Wealth Management Inc. grew its holdings in shares of iShares Russell 3000 ETF by 1.4% during the 1st quarter. Cahaba Wealth Management Inc. now owns 3,368 shares of the company’s stock worth $1,248,000 after purchasing an additional 45 shares during the period.

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.