Cornerstone Capital Inc. Cuts Stock Holdings in iShares Russell 3000 ETF (NYSEARCA:IWV)

Cornerstone Capital Inc. decreased its stake in shares of iShares Russell 3000 ETF (NYSEARCA:IWV) by 2.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,452 shares of the company’s stock after selling 35 shares during the period. Cornerstone Capital Inc.’s holdings in iShares Russell 3000 ETF were worth $485,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IWV. Decatur Capital Management Inc. purchased a new stake in iShares Russell 3000 ETF in the fourth quarter valued at approximately $225,000. Fiduciary Management Inc. WI purchased a new position in shares of iShares Russell 3000 ETF during the fourth quarter worth about $657,000. GeoWealth Management LLC lifted its position in iShares Russell 3000 ETF by 31.5% during the 4th quarter. GeoWealth Management LLC now owns 6,203 shares of the company’s stock worth $2,073,000 after acquiring an additional 1,485 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of iShares Russell 3000 ETF in the fourth quarter valued at approximately $583,000. Finally, MSH Capital Advisors LLC purchased a new stake in shares of iShares Russell 3000 ETF during the fourth quarter worth approximately $636,000.

iShares Russell 3000 ETF Price Performance

NYSEARCA:IWV opened at $298.97 on Friday. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 22.90 and a beta of 1.03. The firm’s fifty day moving average price is $320.79 and its 200 day moving average price is $332.35. iShares Russell 3000 ETF has a 1-year low of $273.60 and a 1-year high of $350.23.

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).