Kovack Advisors Inc. Cuts Position in iShares Russell 3000 ETF (NYSEARCA:IWV)

Kovack Advisors Inc. trimmed its holdings in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,547 shares of the company’s stock after selling 48 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Russell 3000 ETF were worth $1,064,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IWV. Alesco Advisors LLC boosted its stake in iShares Russell 3000 ETF by 0.4% in the fourth quarter. Alesco Advisors LLC now owns 9,543 shares of the company’s stock valued at $2,612,000 after acquiring an additional 36 shares during the last quarter. Valmark Advisers Inc. lifted its stake in iShares Russell 3000 ETF by 1.4% in the fourth quarter. Valmark Advisers Inc. now owns 2,835 shares of the company’s stock valued at $776,000 after purchasing an additional 38 shares during the last quarter. Apella Capital LLC grew its holdings in iShares Russell 3000 ETF by 0.7% during the fourth quarter. Apella Capital LLC now owns 6,451 shares of the company’s stock valued at $1,731,000 after purchasing an additional 42 shares during the period. Nvest Financial LLC grew its holdings in iShares Russell 3000 ETF by 0.8% during the fourth quarter. Nvest Financial LLC now owns 5,583 shares of the company’s stock valued at $1,528,000 after purchasing an additional 44 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its position in iShares Russell 3000 ETF by 1.0% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,645 shares of the company’s stock worth $1,249,000 after buying an additional 45 shares during the last quarter.

iShares Russell 3000 ETF Price Performance

Shares of NYSEARCA IWV opened at $312.45 on Friday. The stock has a market capitalization of $14.31 billion, a PE ratio of 24.59 and a beta of 1.03. iShares Russell 3000 ETF has a one year low of $233.54 and a one year high of $312.66. The business’s fifty day moving average price is $301.80 and its 200-day moving average price is $290.99.

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).