Intelligence Driven Advisers LLC Sells 1,649 Shares of iShares Russell 3000 ETF (NYSEARCA:IWV)

Intelligence Driven Advisers LLC reduced its holdings in iShares Russell 3000 ETF (NYSEARCA:IWV) by 5.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 26,810 shares of the company’s stock after selling 1,649 shares during the quarter. iShares Russell 3000 ETF accounts for about 1.2% of Intelligence Driven Advisers LLC’s investment portfolio, making the stock its 15th largest holding. Intelligence Driven Advisers LLC’s holdings in iShares Russell 3000 ETF were worth $8,275,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in IWV. Northern Trust Corp increased its stake in shares of iShares Russell 3000 ETF by 6.0% in the 4th quarter. Northern Trust Corp now owns 1,122,699 shares of the company’s stock worth $307,328,000 after acquiring an additional 63,240 shares in the last quarter. Family Firm Inc. increased its stake in shares of iShares Russell 3000 ETF by 313.7% during the second quarter. Family Firm Inc. now owns 856,336 shares of the company’s stock valued at $264,325,000 after purchasing an additional 649,319 shares in the last quarter. Tlwm increased its stake in shares of iShares Russell 3000 ETF by 0.9% during the second quarter. Tlwm now owns 290,276 shares of the company’s stock valued at $89,599,000 after purchasing an additional 2,670 shares in the last quarter. Sentinel Trust Co. LBA boosted its position in shares of iShares Russell 3000 ETF by 1.0% in the 4th quarter. Sentinel Trust Co. LBA now owns 266,252 shares of the company’s stock worth $72,884,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Pegasus Partners Ltd. boosted its position in shares of iShares Russell 3000 ETF by 0.7% in the 1st quarter. Pegasus Partners Ltd. now owns 245,792 shares of the company’s stock worth $73,757,000 after purchasing an additional 1,796 shares in the last quarter.

iShares Russell 3000 ETF Stock Down 1.7 %

Shares of NYSEARCA:IWV traded down $5.23 on Friday, hitting $307.60. 142,826 shares of the company traded hands, compared to its average volume of 177,886. The stock has a 50 day simple moving average of $312.72 and a 200-day simple moving average of $302.56. The company has a market cap of $14.09 billion, a PE ratio of 24.59 and a beta of 1.03. iShares Russell 3000 ETF has a 52 week low of $233.54 and a 52 week high of $322.19.

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).