iShares Russell 3000 ETF (NYSEARCA:IWV) Sees Large Volume Increase – Here’s What Happened

iShares Russell 3000 ETF (NYSEARCA:IWV) shares saw an uptick in trading volume on Friday. 366,741 shares were traded during mid-day trading, an increase of 53% from the previous session’s volume of 239,007 shares. The stock last traded at $435.1410 and had previously closed at $434.91.

iShares Russell 3000 ETF Price Performance

The company has a market cap of $20.37 billion, a PE ratio of 25.11 and a beta of 1.01. The company’s 50 day simple moving average is $433.15 and its two-hundred day simple moving average is $416.18.

Hedge Funds Weigh In On iShares Russell 3000 ETF

A number of hedge funds have recently made changes to their positions in IWV. Integrated Wealth Concepts LLC boosted its position in shares of iShares Russell 3000 ETF by 38.1% during the second quarter. Integrated Wealth Concepts LLC now owns 11,973 shares of the company’s stock worth $5,105,000 after buying an additional 3,306 shares during the period. Tanager Wealth Management LLP lifted its stake in iShares Russell 3000 ETF by 2.0% during the 2nd quarter. Tanager Wealth Management LLP now owns 35,804 shares of the company’s stock worth $15,267,000 after acquiring an additional 706 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in iShares Russell 3000 ETF during the 2nd quarter valued at about $8,032,000. HB Wealth Management LLC boosted its holdings in iShares Russell 3000 ETF by 0.5% during the 2nd quarter. HB Wealth Management LLC now owns 80,702 shares of the company’s stock valued at $34,412,000 after acquiring an additional 395 shares during the period. Finally, Angeles Wealth Management LLC grew its position in iShares Russell 3000 ETF by 864.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,138 shares of the company’s stock valued at $485,000 after acquiring an additional 1,020 shares in the last quarter.

iShares Russell 3000 ETF Company 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.