Financial Council LLC Makes New Investment in iShares Russell 3000 ETF $IWV

Financial Council LLC purchased a new position in iShares Russell 3000 ETF (NYSEARCA:IWV) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 13,860 shares of the company’s stock, valued at approximately $5,983,000. iShares Russell 3000 ETF accounts for about 1.9% of Financial Council LLC’s investment portfolio, making the stock its 12th largest holding.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in iShares Russell 3000 ETF by 11.4% during the first quarter. Bank of America Corp DE now owns 923,534 shares of the company’s stock valued at $342,336,000 after buying an additional 94,283 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of iShares Russell 3000 ETF by 8.7% in the first quarter. Geneos Wealth Management Inc. now owns 170,528 shares of the company’s stock worth $63,211,000 after buying an additional 13,647 shares during the period. Calamos Advisors LLC purchased a new position in shares of iShares Russell 3000 ETF in the first quarter worth about $57,055,000. Fifth Third Bancorp lifted its stake in shares of iShares Russell 3000 ETF by 118.6% in the 1st quarter. Fifth Third Bancorp now owns 146,638 shares of the company’s stock valued at $54,356,000 after acquiring an additional 79,570 shares during the last quarter. Finally, Heck Capital Advisors LLC lifted its stake in shares of iShares Russell 3000 ETF by 10,736.3% in the 2nd quarter. Heck Capital Advisors LLC now owns 124,292 shares of the company’s stock valued at $52,998,000 after acquiring an additional 123,145 shares during the last quarter.

iShares Russell 3000 ETF Stock Performance

IWV stock traded up $1.44 during trading on Friday, hitting $417.92. 662,861 shares of the company traded hands, compared to its average volume of 243,158. The firm has a market capitalization of $19.77 billion, a PE ratio of 23.45 and a beta of 1.01. iShares Russell 3000 ETF has a 1 year low of $358.55 and a 1 year high of $443.90. The company has a 50-day moving average of $434.13 and a 200-day moving average of $414.95.

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.