Sequoia Financial Advisors LLC Purchases 4,354 Shares of iShares Russell 3000 ETF $IWV

Sequoia Financial Advisors LLC increased its stake in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 37.3% during the fourth quarter, HoldingsChannel reports. The fund owned 16,028 shares of the company’s stock after buying an additional 4,354 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Russell 3000 ETF were worth $6,200,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IWV. Cloud Capital Management LLC acquired a new stake in shares of iShares Russell 3000 ETF during the third quarter worth $28,000. Missouri Trust & Investment Co acquired a new stake in shares of iShares Russell 3000 ETF during the third quarter worth $63,000. Lodestone Wealth Management LLC acquired a new stake in shares of iShares Russell 3000 ETF during the fourth quarter worth $64,000. Laurel Wealth Advisors LLC acquired a new stake in shares of iShares Russell 3000 ETF during the fourth quarter worth $64,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of iShares Russell 3000 ETF during the third quarter worth $66,000.

iShares Russell 3000 ETF Stock Up 0.8%

Shares of NYSEARCA:IWV opened at $418.32 on Friday. iShares Russell 3000 ETF has a 12 month low of $320.52 and a 12 month high of $418.56. The company’s fifty day simple moving average is $387.78 and its 200 day simple moving average is $387.92. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01.

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). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.