Beacon Pointe Advisors LLC Increases Position in iShares Russell 3000 ETF (NYSEARCA:IWV)

Beacon Pointe Advisors LLC raised its holdings in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 255.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,401 shares of the company’s stock after purchasing an additional 18,252 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in iShares Russell 3000 ETF were worth $8,490,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of IWV. Proficio Capital Partners LLC boosted its holdings in shares of iShares Russell 3000 ETF by 3,821.1% in the fourth quarter. Proficio Capital Partners LLC now owns 6,892,013 shares of the company’s stock valued at $2,303,655,000 after purchasing an additional 6,716,244 shares during the period. Brooklyn FI LLC boosted its holdings in shares of iShares Russell 3000 ETF by 6,270.1% in the fourth quarter. Brooklyn FI LLC now owns 4,679,427 shares of the company’s stock valued at $1,575,160,000 after purchasing an additional 4,605,968 shares during the period. Strategic Financial Concepts LLC boosted its holdings in shares of iShares Russell 3000 ETF by 33,356.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 238,877 shares of the company’s stock valued at $79,845,000 after purchasing an additional 238,163 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares Russell 3000 ETF by 33.7% during the fourth quarter. JPMorgan Chase & Co. now owns 603,980 shares of the company’s stock worth $201,881,000 after buying an additional 152,260 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in iShares Russell 3000 ETF during the 4th quarter valued at $40,667,000.

iShares Russell 3000 ETF Price Performance

Shares of IWV stock opened at $313.12 on Tuesday. iShares Russell 3000 ETF has a 1-year low of $273.60 and a 1-year high of $350.23. The stock’s 50-day moving average is $315.65 and its 200 day moving average is $331.58. The company has a market cap of $14.36 billion, a P/E ratio of 22.90 and a beta of 1.03.

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).