Tower View Investment Management & Research LLC cut its holdings in iShares Russell 3000 ETF (NYSEARCA:IWV) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,432 shares of the company’s stock after selling 333 shares during the period. iShares Russell 3000 ETF makes up 4.2% of Tower View Investment Management & Research LLC’s investment portfolio, making the stock its 2nd biggest holding. Tower View Investment Management & Research LLC’s holdings in iShares Russell 3000 ETF were worth $4,030,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Russell 3000 ETF during the second quarter valued at about $106,000. NEXT Financial Group Inc acquired a new position in iShares Russell 3000 ETF in the third quarter worth about $190,000. Oppenheimer & Co. Inc. acquired a new position in iShares Russell 3000 ETF in the third quarter worth about $202,000. Steinberg Global Asset Management acquired a new position in iShares Russell 3000 ETF in the third quarter worth about $202,000. Finally, Fluent Financial LLC acquired a new position in iShares Russell 3000 ETF in the third quarter worth about $232,000.
NYSEARCA:IWV traded down $0.46 during mid-day trading on Friday, hitting $152.37. The company’s stock had a trading volume of 1,403,811 shares, compared to its average volume of 711,502. iShares Russell 3000 ETF has a fifty-two week low of $137.45 and a fifty-two week high of $174.73.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Tuesday, December 18th were issued a dividend of $0.847 per share. This is a positive change from iShares Russell 3000 ETF’s previous quarterly dividend of $0.77. The ex-dividend date was Monday, December 17th. This represents a $3.39 annualized dividend and a dividend yield of 2.22%.
iShares Russell 3000 ETF Company 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).
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