HighTower Advisors LLC Trims Stake in iShares Russell 3000 ETF $IWV

HighTower Advisors LLC lowered its stake in iShares Russell 3000 ETF (NYSEARCA:IWV) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 312,640 shares of the company’s stock after selling 8,210 shares during the quarter. HighTower Advisors LLC owned approximately 0.66% of iShares Russell 3000 ETF worth $120,945,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. UNC Management Company Inc. raised its holdings in shares of iShares Russell 3000 ETF by 0.3% in the second quarter. UNC Management Company Inc. now owns 578,635 shares of the company’s stock worth $203,101,000 after acquiring an additional 1,506 shares during the last quarter. Ameriprise Financial Inc. raised its stake 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 purchasing an additional 61,982 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in iShares Russell 3000 ETF by 0.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 349,410 shares of the company’s stock valued at $132,405,000 after purchasing an additional 1,694 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in iShares Russell 3000 ETF by 16.6% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 273,239 shares of the company’s stock valued at $103,541,000 after purchasing an additional 38,863 shares in the last quarter. Finally, American Family Investments Inc. lifted its holdings in iShares Russell 3000 ETF by 687.5% in the 4th quarter. American Family Investments Inc. now owns 271,840 shares of the company’s stock valued at $105,161,000 after purchasing an additional 237,322 shares in the last quarter.

iShares Russell 3000 ETF Trading Down 0.6%

NYSEARCA:IWV opened at $414.93 on Wednesday. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. The company’s 50-day moving average is $392.44 and its two-hundred day moving average is $389.82. iShares Russell 3000 ETF has a 12-month low of $327.25 and a 12-month high of $424.23.

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.