Mengis Capital Management Inc. decreased its stake in iShares Russell 2000 Index (NYSE:IWM) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 3,499 shares of the exchange traded fund’s stock after selling 100 shares during the period. Mengis Capital Management Inc.’s holdings in iShares Russell 2000 Index were worth $493,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of IWM. Personal Capital Advisors Corp raised its position in shares of iShares Russell 2000 Index by 75.8% in the second quarter. Personal Capital Advisors Corp now owns 1,278,067 shares of the exchange traded fund’s stock valued at $180,105,000 after buying an additional 551,085 shares in the last quarter. Meridian Wealth Management LLC raised 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 worth $250,000 after buying an additional 62 shares during the period. FineMark National Bank & Trust raised its position in iShares Russell 2000 Index by 14.5% in the second quarter. FineMark National Bank & Trust now owns 283,232 shares of the exchange traded fund’s stock worth $39,913,000 after buying an additional 35,873 shares during the period. MCF Advisors LLC raised its position in iShares Russell 2000 Index by 4.0% in the second quarter. MCF Advisors LLC now owns 126,811 shares of the exchange traded fund’s stock worth $17,870,000 after buying an additional 4,900 shares during the period. Finally, Gamble Jones Investment Counsel raised its position in iShares Russell 2000 Index by 12.0% in the second quarter. Gamble Jones Investment Counsel now owns 5,363 shares of the exchange traded fund’s stock worth $756,000 after buying an additional 575 shares during the period.

iShares Russell 2000 Index (IWM) opened at 136.27 on Friday. The firm has a 50 day moving average of $141.13 and a 200-day moving average of $138.45. iShares Russell 2000 Index has a 1-year low of $114.88 and a 1-year high of $144.25.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Monday, July 10th were given a $0.6091 dividend. The ex-dividend date was Thursday, July 6th. This is an increase from iShares Russell 2000 Index’s previous quarterly dividend of $0.39. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.79%.

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About iShares Russell 2000 Index

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.

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

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