Burke & Herbert Bank & Trust Co. Buys New Position in iShares Russell 3000 ETF $IWV

Burke & Herbert Bank & Trust Co. bought a new position in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) during the third quarter, HoldingsChannel.com reports. The firm bought 1,716 shares of the company’s stock, valued at approximately $741,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in iShares Russell 3000 ETF by 11.4% in the 1st quarter. Bank of America Corp DE now owns 923,534 shares of the company’s stock valued at $342,336,000 after buying an additional 94,283 shares during the period. Geneos Wealth Management Inc. increased its position in shares of iShares Russell 3000 ETF by 8.7% during the first quarter. Geneos Wealth Management Inc. now owns 170,528 shares of the company’s stock worth $63,211,000 after acquiring an additional 13,647 shares during the period. Calamos Advisors LLC purchased a new stake in shares of iShares Russell 3000 ETF during the first quarter worth $57,055,000. Fifth Third Bancorp raised its stake in shares of iShares Russell 3000 ETF by 118.6% in the first quarter. Fifth Third Bancorp now owns 146,638 shares of the company’s stock valued at $54,356,000 after acquiring an additional 79,570 shares in the last quarter. Finally, Heck Capital Advisors LLC raised its stake in shares of iShares Russell 3000 ETF by 10,736.3% in the second quarter. Heck Capital Advisors LLC now owns 124,292 shares of the company’s stock valued at $52,998,000 after acquiring an additional 123,145 shares in the last quarter.

iShares Russell 3000 ETF Trading Up 0.3%

NYSEARCA:IWV traded up $1.44 during midday trading on Friday, reaching $417.92. The company had a trading volume of 662,861 shares, compared to its average volume of 243,158. The firm has a market capitalization of $19.77 billion, a price-to-earnings ratio of 23.45 and a beta of 1.01. The stock’s fifty day simple moving average is $434.13 and its 200-day simple moving average is $414.95. iShares Russell 3000 ETF has a 12-month low of $358.55 and a 12-month high of $443.90.

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.