Valmark Advisers Inc. Boosts Stock Position in iShares Russell 3000 ETF (NYSEARCA:IWV)

Valmark Advisers Inc. grew its stake in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,835 shares of the company’s stock after acquiring an additional 38 shares during the period. Valmark Advisers Inc.’s holdings in iShares Russell 3000 ETF were worth $776,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Financial Connections Group Inc. purchased a new stake in shares of iShares Russell 3000 ETF during the fourth quarter worth $32,000. Silver Oak Securities Incorporated purchased a new stake in shares of iShares Russell 3000 ETF during the third quarter worth $41,000. HBC Financial Services PLLC lifted its position in shares of iShares Russell 3000 ETF by 17.7% during the third quarter. HBC Financial Services PLLC now owns 399 shares of the company’s stock worth $97,000 after acquiring an additional 60 shares in the last quarter. Pittenger & Anderson Inc. purchased a new stake in shares of iShares Russell 3000 ETF during the third quarter worth $127,000. Finally, Salem Investment Counselors Inc. lifted its position in shares of iShares Russell 3000 ETF by 13.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 518 shares of the company’s stock worth $142,000 after acquiring an additional 60 shares in the last quarter.

iShares Russell 3000 ETF Stock Up 1.0 %

Shares of IWV stock traded up $2.85 on Friday, reaching $290.72. The company’s stock had a trading volume of 103,406 shares, compared to its average volume of 245,503. iShares Russell 3000 ETF has a 12-month low of $231.02 and a 12-month high of $300.72. The company has a market capitalization of $13.21 billion, a P/E ratio of 23.89 and a beta of 1.03. The stock’s 50 day simple moving average is $292.82 and its 200-day simple moving average is $274.48.

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).