PNC Financial Services Group Inc. Lowers Stake in iShares Russell 3000 ETF $IWV

PNC Financial Services Group Inc. lessened its stake in iShares Russell 3000 ETF (NYSEARCA:IWV) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 346,062 shares of the company’s stock after selling 3,348 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Russell 3000 ETF were worth $133,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Family Investments Inc. lifted its stake in iShares Russell 3000 ETF by 687.5% during the fourth quarter. American Family Investments Inc. now owns 271,840 shares of the company’s stock worth $105,161,000 after purchasing an additional 237,322 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of iShares Russell 3000 ETF in the third quarter valued at $46,598,000. Ameriprise Financial Inc. raised its holdings in shares of 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 buying an additional 61,982 shares during the period. AQR Capital Management LLC raised its holdings in shares of iShares Russell 3000 ETF by 238.5% in the 3rd quarter. AQR Capital Management LLC now owns 81,282 shares of the company’s stock valued at $30,801,000 after buying an additional 57,270 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new position in iShares Russell 3000 ETF during the 3rd quarter worth about $15,814,000.

iShares Russell 3000 ETF Price Performance

Shares of iShares Russell 3000 ETF stock opened at $419.59 on Thursday. The stock has a market capitalization of $19.43 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. The business has a 50-day moving average of $393.12 and a 200 day moving average of $390.06. iShares Russell 3000 ETF has a 12 month low of $327.25 and a 12 month high of $424.23.

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.