Lowe Brockenbrough & Co. Inc. raised its stake in iShares Russell 2000 Index (NYSE:IWM) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,278 shares of the exchange traded fund’s stock after buying an additional 365 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in iShares Russell 2000 Index were worth $885,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Grove Bank & Trust increased its position in iShares Russell 2000 Index by 19.6% in the second quarter. Grove Bank & Trust now owns 762 shares of the exchange traded fund’s stock valued at $107,000 after buying an additional 125 shares in the last quarter. Barnett & Company Inc. increased its position in iShares Russell 2000 Index by 388.9% in the second quarter. Barnett & Company Inc. now owns 880 shares of the exchange traded fund’s stock valued at $124,000 after buying an additional 700 shares in the last quarter. Carroll Financial Associates Inc. increased its position in iShares Russell 2000 Index by 64.9% in the second quarter. Carroll Financial Associates Inc. now owns 930 shares of the exchange traded fund’s stock valued at $131,000 after buying an additional 366 shares in the last quarter. Osborne Partners Capital Management LLC acquired a new position in iShares Russell 2000 Index during the second quarter valued at $214,000. Finally, Meridian Wealth Management LLC increased its position in iShares Russell 2000 Index by 3.6% in the second quarter. Meridian Wealth Management LLC now owns 1,773 shares of the exchange traded fund’s stock valued at $250,000 after buying an additional 62 shares in the last quarter.

iShares Russell 2000 Index (NYSE IWM) opened at 140.21 on Monday. The stock has a 50 day moving average of $141.39 and a 200 day moving average of $138.28. iShares Russell 2000 Index has a 1-year low of $114.88 and a 1-year high of $144.25.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Monday, July 10th were paid a $0.6091 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.74%. This is a boost from iShares Russell 2000 Index’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, July 6th.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/07/lowe-brockenbrough-co-inc-increases-stake-in-ishares-russell-2000-index-iwm.html.

iShares Russell 2000 Index Company Profile

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index.

Institutional Ownership by Quarter for iShares Russell 2000 Index (NYSE:IWM)

Receive News & Ratings for iShares Russell 2000 Index Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Russell 2000 Index and related companies with MarketBeat.com's FREE daily email newsletter.