iShares Russell 3000 ETF (NYSEARCA:IWV) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Russell 3000 ETF (NYSEARCA:IWV) saw strong trading volume on Thursday . 328,882 shares changed hands during trading, an increase of 93% from the previous session’s volume of 170,191 shares.The stock last traded at $336.98 and had previously closed at $334.25.

iShares Russell 3000 ETF Stock Performance

The firm has a 50 day moving average price of $339.85 and a two-hundred day moving average price of $324.99. The company has a market cap of $15.49 billion, a P/E ratio of 24.59 and a beta of 1.03.

Hedge Funds Weigh In On iShares Russell 3000 ETF

Several hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new position in iShares Russell 3000 ETF during the third quarter valued at approximately $33,000. Blue Trust Inc. boosted its holdings in iShares Russell 3000 ETF by 384.0% in the 3rd quarter. Blue Trust Inc. now owns 121 shares of the company’s stock valued at $37,000 after purchasing an additional 96 shares during the period. Denver PWM LLC bought a new position in shares of iShares Russell 3000 ETF in the second quarter worth $42,000. Federated Hermes Inc. increased its holdings in shares of iShares Russell 3000 ETF by 142.1% in the second quarter. Federated Hermes Inc. now owns 138 shares of the company’s stock worth $43,000 after purchasing an additional 81 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in shares of iShares Russell 3000 ETF in the second quarter worth $44,000.

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).