Kovack Advisors Inc. Reduces Position in iShares Russell 3000 ETF (NYSEARCA:IWV)

Kovack Advisors Inc. lessened its holdings in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,595 shares of the company’s stock after selling 105 shares during the period. Kovack Advisors Inc.’s holdings in iShares Russell 3000 ETF were worth $984,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Apella Capital LLC boosted its holdings in iShares Russell 3000 ETF by 0.7% in the 4th quarter. Apella Capital LLC now owns 6,451 shares of the company’s stock valued at $1,731,000 after purchasing an additional 42 shares during the last quarter. Nvest Financial LLC lifted its holdings in shares of iShares Russell 3000 ETF by 0.8% in the 4th quarter. Nvest Financial LLC now owns 5,583 shares of the company’s stock worth $1,528,000 after acquiring an additional 44 shares during the last quarter. BIP Wealth LLC lifted its holdings in shares of iShares Russell 3000 ETF by 1.0% in the 3rd quarter. BIP Wealth LLC now owns 4,532 shares of the company’s stock worth $1,111,000 after acquiring an additional 45 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of iShares Russell 3000 ETF by 1.0% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,645 shares of the company’s stock worth $1,249,000 after acquiring an additional 45 shares during the last quarter. Finally, Syverson Strege & Co lifted its holdings in shares of iShares Russell 3000 ETF by 3.2% in the 3rd quarter. Syverson Strege & Co now owns 1,607 shares of the company’s stock worth $394,000 after acquiring an additional 50 shares during the last quarter.

iShares Russell 3000 ETF Price Performance

Shares of IWV stock traded up $2.85 during trading hours on Friday, hitting $290.72. The company had a trading volume of 103,406 shares, compared to its average volume of 245,503. The company’s fifty day moving average is $292.82 and its 200 day moving average is $274.30. iShares Russell 3000 ETF has a fifty-two week low of $231.02 and a fifty-two week high of $300.72. The stock has a market capitalization of $13.21 billion, a PE ratio of 23.89 and a beta of 1.03.

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).