Pennington Partners & CO. LLC Has $41.55 Million Stock Position in iShares Russell 3000 ETF $IWV

Pennington Partners & CO. LLC raised its position in iShares Russell 3000 ETF (NYSEARCA:IWV) by 14.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 112,105 shares of the company’s stock after buying an additional 14,432 shares during the period. iShares Russell 3000 ETF comprises approximately 14.2% of Pennington Partners & CO. LLC’s holdings, making the stock its 3rd largest holding. Pennington Partners & CO. LLC owned about 0.24% of iShares Russell 3000 ETF worth $41,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GC Wealth Management RIA LLC lifted its stake in shares of iShares Russell 3000 ETF by 54.7% during the first quarter. GC Wealth Management RIA LLC now owns 7,034 shares of the company’s stock valued at $2,607,000 after acquiring an additional 2,486 shares during the period. Modern Wealth Management LLC increased its position in iShares Russell 3000 ETF by 91.2% in the first quarter. Modern Wealth Management LLC now owns 4,385 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,091 shares during the period. RMG Wealth Management LLC bought a new stake in iShares Russell 3000 ETF during the 1st quarter worth about $35,000. NewEdge Wealth LLC raised its holdings in iShares Russell 3000 ETF by 0.6% during the 1st quarter. NewEdge Wealth LLC now owns 7,935 shares of the company’s stock worth $2,941,000 after purchasing an additional 48 shares during the last quarter. Finally, Acumen Wealth Advisors LLC lifted its position in iShares Russell 3000 ETF by 17.4% during the 1st quarter. Acumen Wealth Advisors LLC now owns 781 shares of the company’s stock valued at $290,000 after purchasing an additional 116 shares during the period.

iShares Russell 3000 ETF Trading Down 1.1%

Shares of NYSEARCA IWV opened at $420.38 on Friday. The firm has a market capitalization of $19.42 billion, a PE ratio of 25.11 and a beta of 1.01. iShares Russell 3000 ETF has a 1 year low of $351.69 and a 1 year high of $431.32. The firm’s 50-day moving average is $423.71 and its 200-day moving average is $402.70.

iShares Russell 3000 ETF Company 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.