Northwestern Mutual Wealth Management Co. Has $7.74 Million Stock Holdings in iShares Russell 3000 ETF $IWV

Northwestern Mutual Wealth Management Co. trimmed its holdings in iShares Russell 3000 ETF (NYSEARCA:IWV) by 58.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,006 shares of the company’s stock after selling 28,553 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell 3000 ETF were worth $7,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC bought a new stake in shares of iShares Russell 3000 ETF in the third quarter valued at approximately $28,000. LRI Investments LLC bought a new stake in shares of iShares Russell 3000 ETF in the fourth quarter valued at approximately $39,000. Missouri Trust & Investment Co bought a new stake in shares of iShares Russell 3000 ETF in the third quarter valued at approximately $63,000. Lodestone Wealth Management LLC bought a new stake in shares of iShares Russell 3000 ETF in the fourth quarter valued at approximately $64,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of iShares Russell 3000 ETF in the fourth quarter valued at approximately $64,000.

iShares Russell 3000 ETF Trading Up 0.4%

IWV opened at $422.50 on Friday. iShares Russell 3000 ETF has a 1-year low of $327.25 and a 1-year high of $424.41. The stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. The business has a 50 day moving average of $394.61 and a 200-day moving average of $390.52.

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). 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.