Mercer Global Advisors Inc. ADV Boosts Stock Position in iShares Russell 3000 ETF $IWV

Mercer Global Advisors Inc. ADV grew its holdings in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 16.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 273,239 shares of the company’s stock after acquiring an additional 38,863 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in iShares Russell 3000 ETF were worth $103,541,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cloud Capital Management LLC bought a new stake in shares of iShares Russell 3000 ETF in the third quarter worth $28,000. Caldwell Trust Co acquired a new stake in iShares Russell 3000 ETF in the second quarter valued at $34,000. Missouri Trust & Investment Co bought a new position in iShares Russell 3000 ETF during the 3rd quarter valued at $63,000. Arcadia Investment Management Corp MI bought a new position in iShares Russell 3000 ETF during the 3rd quarter valued at $66,000. Finally, GAMMA Investing LLC acquired a new position in iShares Russell 3000 ETF during the 3rd quarter worth $99,000.

iShares Russell 3000 ETF Stock Performance

IWV opened at $379.96 on Tuesday. The company has a 50-day moving average of $390.48 and a 200-day moving average of $384.61. The company has a market capitalization of $17.88 billion, a P/E ratio of 25.11 and a beta of 1.02. iShares Russell 3000 ETF has a 1-year low of $273.60 and a 1-year high of $397.05.

iShares Russell 3000 ETF 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.