Modern Wealth Management LLC Purchases 2,091 Shares of iShares Russell 3000 ETF $IWV

Modern Wealth Management LLC raised its position in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 91.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,385 shares of the company’s stock after purchasing an additional 2,091 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares Russell 3000 ETF were worth $1,637,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sittner & Nelson LLC bought a new position in iShares Russell 3000 ETF in the 4th quarter worth $25,000. Smithfield Trust Co bought a new position in shares of iShares Russell 3000 ETF in the fourth quarter worth about $30,000. RMG Wealth Management LLC purchased a new stake in shares of iShares Russell 3000 ETF during the first quarter worth about $35,000. LRI Investments LLC bought a new stake in iShares Russell 3000 ETF during the 4th quarter valued at approximately $39,000. Finally, Angeles Wealth Management LLC purchased a new position in iShares Russell 3000 ETF in the 1st quarter worth approximately $44,000.

iShares Russell 3000 ETF Price Performance

IWV stock opened at $420.65 on Friday. iShares Russell 3000 ETF has a 1-year low of $351.69 and a 1-year high of $431.32. The business has a 50 day simple moving average of $423.76 and a two-hundred day simple moving average of $402.82. The company has a market capitalization of $19.43 billion, a price-to-earnings 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.