Strategic Investment Management LLC Has $44.54 Million Stake in iShares Russell 3000 ETF (NYSEARCA:IWV)

Strategic Investment Management LLC increased its position in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 706.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 133,261 shares of the company’s stock after purchasing an additional 116,741 shares during the quarter. iShares Russell 3000 ETF comprises 15.4% of Strategic Investment Management LLC’s holdings, making the stock its 2nd biggest position. Strategic Investment Management LLC’s holdings in iShares Russell 3000 ETF were worth $44,542,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of iShares Russell 3000 ETF by 384.0% during the 3rd quarter. Blue Trust Inc. now owns 121 shares of the company’s stock worth $37,000 after purchasing an additional 96 shares in the last quarter. Alternative Investment Advisors LLC. acquired a new stake in iShares Russell 3000 ETF during the second quarter worth $326,000. Park Avenue Securities LLC increased its holdings in iShares Russell 3000 ETF by 64.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,250 shares of the company’s stock valued at $752,000 after buying an additional 878 shares during the period. Cannon Financial Strategists Inc. acquired a new position in shares of iShares Russell 3000 ETF in the 2nd quarter valued at $223,000. Finally, Captrust Financial Advisors lifted its holdings in shares of iShares Russell 3000 ETF by 1.6% during the 3rd quarter. Captrust Financial Advisors now owns 244,475 shares of the company’s stock worth $79,877,000 after acquiring an additional 3,871 shares during the period.

iShares Russell 3000 ETF Stock Performance

Shares of iShares Russell 3000 ETF stock opened at $348.02 on Friday. iShares Russell 3000 ETF has a twelve month low of $276.42 and a twelve month high of $349.54. The firm has a market cap of $15.94 billion, a P/E ratio of 24.59 and a beta of 1.03. The firm’s 50-day simple moving average is $341.35 and its 200-day simple moving average is $328.04.

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).