Trellis Advisors LLC Invests $3.22 Million in iShares Russell 3000 ETF (IWV) Stock
Trellis Advisors LLC bought a new position in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) in the 4th quarter, Holdings Channel reports. The fund bought 20,360 shares of the company’s stock, valued at approximately $3,220,000. iShares Russell 3000 ETF accounts for approximately 3.0% of Trellis Advisors LLC’s investment portfolio, making the stock its 6th largest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cumberland Advisors Inc. acquired a new position in shares of iShares Russell 3000 ETF during the 4th quarter worth about $5,939,000. Simply Money Advisors boosted its position in shares of iShares Russell 3000 ETF by 2.0% during the 4th quarter. Simply Money Advisors now owns 25,064 shares of the company’s stock worth $3,964,000 after acquiring an additional 499 shares in the last quarter. Finally, Oak Point Wealth Management acquired a new position in shares of iShares Russell 3000 ETF during the 4th quarter worth about $730,000.
iShares Russell 3000 ETF (IWV) traded up $0.98 during trading hours on Friday, hitting $164.50. The stock had a trading volume of 404,716 shares, compared to its average volume of 370,978. The firm has a market cap of $8,430.00 and a PE ratio of 12.74. iShares Russell 3000 ETF has a twelve month low of $133.93 and a twelve month high of $164.61.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 22nd were given a dividend of $0.6638 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $2.66 annualized dividend and a dividend yield of 1.61%. iShares Russell 3000 ETF’s dividend payout ratio is currently 19.29%.
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).
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