1620 Investment Advisors Inc. Buys New Position in iShares Russell 3000 ETF (NYSEARCA:IWV)

1620 Investment Advisors Inc. bought a new position in iShares Russell 3000 ETF (NYSEARCA:IWV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 293 shares of the company’s stock, valued at approximately $90,000.

Several other institutional investors have also recently added to or reduced their stakes in IWV. Sequoia Financial Advisors LLC boosted its position in shares of iShares Russell 3000 ETF by 1.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,209 shares of the company’s stock worth $663,000 after purchasing an additional 35 shares in the last quarter. Alesco Advisors LLC boosted its holdings 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 worth $2,612,000 after acquiring an additional 36 shares in the last quarter. Valmark Advisers Inc. grew 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 acquiring an additional 38 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in shares of iShares Russell 3000 ETF by 4.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 821 shares of the company’s stock valued at $253,000 after acquiring an additional 38 shares in the last quarter. Finally, ETF Portfolio Partners Inc. raised its position in shares of iShares Russell 3000 ETF by 0.8% during the second quarter. ETF Portfolio Partners Inc. now owns 5,277 shares of the company’s stock worth $1,629,000 after purchasing an additional 41 shares during the period.

iShares Russell 3000 ETF Trading Down 0.9 %

NYSEARCA IWV opened at $316.07 on Friday. The company has a market cap of $14.48 billion, a P/E ratio of 24.59 and a beta of 1.03. The company has a fifty day simple moving average of $310.95 and a 200 day simple moving average of $300.14. iShares Russell 3000 ETF has a 12-month low of $233.54 and a 12-month high of $322.19.

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).