Northwestern Mutual Wealth Management Co. Has $7.74 Million Position in iShares Russell 3000 ETF $IWV

Northwestern Mutual Wealth Management Co. lessened its stake in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 58.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,006 shares of the company’s stock after selling 28,553 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell 3000 ETF were worth $7,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IWV. Cloud Capital Management LLC acquired a new position in iShares Russell 3000 ETF during the third quarter valued at approximately $28,000. LRI Investments LLC acquired a new position in iShares Russell 3000 ETF during the fourth quarter valued at approximately $39,000. Missouri Trust & Investment Co acquired a new position in iShares Russell 3000 ETF during the third quarter valued at approximately $63,000. Lodestone Wealth Management LLC acquired a new position in iShares Russell 3000 ETF during the fourth quarter valued at approximately $64,000. Finally, Laurel Wealth Advisors LLC acquired a new position in iShares Russell 3000 ETF during the fourth quarter valued at approximately $64,000.

iShares Russell 3000 ETF Stock Up 0.4%

Shares of IWV stock opened at $422.50 on Friday. iShares Russell 3000 ETF has a 12 month low of $327.25 and a 12 month high of $424.41. The business’s 50 day moving average is $394.61 and its two-hundred day moving average is $390.52. The company has a market cap of $19.56 billion, a PE 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.