Bessemer Group Inc. Cuts Stake in iShares Russell 3000 ETF $IWV

Bessemer Group Inc. lowered its stake in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 20.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 114,847 shares of the company’s stock after selling 29,865 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Russell 3000 ETF were worth $42,571,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IWV. SCS Capital Management LLC boosted its position in shares of iShares Russell 3000 ETF by 0.4% during the fourth quarter. SCS Capital Management LLC now owns 1,874,800 shares of the company’s stock worth $725,266,000 after acquiring an additional 8,384 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in iShares Russell 3000 ETF by 6.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,529,115 shares of the company’s stock valued at $591,538,000 after acquiring an additional 86,391 shares in the last quarter. UNC Management Company Inc. increased its holdings in iShares Russell 3000 ETF by 0.3% in the 2nd quarter. UNC Management Company Inc. now owns 578,635 shares of the company’s stock valued at $203,101,000 after acquiring an additional 1,506 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in iShares Russell 3000 ETF by 16.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 450,539 shares of the company’s stock valued at $158,217,000 after acquiring an additional 61,982 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in iShares Russell 3000 ETF by 6.3% in the 4th quarter. Focus Partners Wealth now owns 364,394 shares of the company’s stock valued at $140,966,000 after acquiring an additional 21,635 shares during the last quarter.

iShares Russell 3000 ETF Stock Down 1.0%

Shares of IWV stock opened at $423.41 on Friday. The company’s fifty day simple moving average is $423.44 and its two-hundred day simple moving average is $401.61. iShares Russell 3000 ETF has a 52 week low of $351.69 and a 52 week high of $431.32. The stock has a market cap of $19.67 billion, a P/E ratio of 25.11 and a beta of 1.01.

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.