iShares Russell 3000 ETF $IWV Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 3.5% in the first quarter, HoldingsChannel reports. The firm owned 338,628 shares of the company’s stock after selling 12,428 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Russell 3000 ETF were worth $125,523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sittner & Nelson LLC acquired a new stake in shares of iShares Russell 3000 ETF during the 4th quarter worth about $25,000. Smithfield Trust Co acquired a new position in shares of iShares Russell 3000 ETF in the fourth quarter valued at approximately $30,000. LRI Investments LLC purchased a new position in shares of iShares Russell 3000 ETF during the fourth quarter valued at approximately $39,000. Advocate Investing Services LLC acquired a new stake in iShares Russell 3000 ETF during the fourth quarter worth approximately $49,000. Finally, Lodestone Wealth Management LLC purchased a new stake in iShares Russell 3000 ETF in the 4th quarter worth approximately $64,000.

iShares Russell 3000 ETF Stock Performance

IWV stock opened at $423.41 on Monday. The company has a 50 day moving average price of $423.44 and a two-hundred day moving average price of $401.69. The stock has a market capitalization of $19.67 billion, a P/E ratio of 25.11 and a beta of 1.01. iShares Russell 3000 ETF has a one year low of $351.69 and a one year high of $431.32.

iShares Russell 3000 ETF 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.