Kayne Anderson Rudnick Investment Management LLC Reduces Stock Position in iShares Russell 3000 ETF (NYSEARCA:IWV)

Kayne Anderson Rudnick Investment Management LLC decreased its position in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,805 shares of the company’s stock after selling 419 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in iShares Russell 3000 ETF were worth $1,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Management Inc. WI acquired a new stake in iShares Russell 3000 ETF in the fourth quarter valued at $2,152,000. Stephens Inc. AR increased its holdings in iShares Russell 3000 ETF by 2.4% during the 4th quarter. Stephens Inc. AR now owns 149,247 shares of the company’s stock valued at $40,855,000 after acquiring an additional 3,530 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in iShares Russell 3000 ETF by 35.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,543 shares of the company’s stock valued at $463,000 after acquiring an additional 400 shares in the last quarter. Advisory Services Network LLC raised its position in iShares Russell 3000 ETF by 17.0% during the fourth quarter. Advisory Services Network LLC now owns 10,358 shares of the company’s stock worth $2,835,000 after acquiring an additional 1,505 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of iShares Russell 3000 ETF in the first quarter valued at about $320,000.

iShares Russell 3000 ETF Price Performance

Shares of IWV opened at $325.68 on Tuesday. iShares Russell 3000 ETF has a 1-year low of $233.54 and a 1-year high of $326.66. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 24.59 and a beta of 1.03. The firm has a 50 day simple moving average of $313.80 and a 200-day simple moving average of $304.97.

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).