iShares Russell 3000 ETF (NYSEARCA:IWV) Position Cut by Chesapeake Wealth Management

Chesapeake Wealth Management lowered its holdings in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 26.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,194 shares of the company’s stock after selling 4,802 shares during the period. iShares Russell 3000 ETF makes up 1.5% of Chesapeake Wealth Management’s holdings, making the stock its 19th largest position. Chesapeake Wealth Management’s holdings in iShares Russell 3000 ETF were worth $4,073,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IWV. Financial Connections Group Inc. bought a new stake in shares of iShares Russell 3000 ETF during the second quarter valued at about $37,000. Denver PWM LLC acquired a new position in iShares Russell 3000 ETF during the 2nd quarter valued at about $42,000. Federated Hermes Inc. raised its position in shares of iShares Russell 3000 ETF by 142.1% during the 2nd quarter. Federated Hermes Inc. now owns 138 shares of the company’s stock worth $43,000 after buying an additional 81 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of iShares Russell 3000 ETF during the 2nd quarter worth about $44,000. Finally, Tidemark LLC acquired a new stake in shares of iShares Russell 3000 ETF in the 4th quarter worth approximately $41,000.

iShares Russell 3000 ETF Price Performance

iShares Russell 3000 ETF stock opened at $324.76 on Friday. iShares Russell 3000 ETF has a 12-month low of $233.54 and a 12-month high of $326.66. The stock has a market capitalization of $14.87 billion, a PE ratio of 24.59 and a beta of 1.03. The firm has a 50 day simple moving average of $313.68 and a 200-day simple moving average of $304.57.

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).