Gilliland Jeter Wealth Management LLC Trims Position in iShares Russell 2000 ETF $IWM

Gilliland Jeter Wealth Management LLC trimmed its holdings in iShares Russell 2000 ETF (NYSEARCA:IWM) by 3.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,008 shares of the exchange traded fund’s stock after selling 105 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in iShares Russell 2000 ETF were worth $649,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Pinion Investment Advisors LLC purchased a new position in iShares Russell 2000 ETF during the second quarter worth about $442,000. Coordinated Financial Services Inc. acquired a new stake in iShares Russell 2000 ETF in the second quarter valued at $1,215,000. Horizon Bancorp Inc. IN increased its stake in shares of iShares Russell 2000 ETF by 5.1% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 22,866 shares of the exchange traded fund’s stock worth $4,934,000 after purchasing an additional 1,109 shares in the last quarter. Mainstay Capital Management LLC ADV increased its stake in shares of iShares Russell 2000 ETF by 100.9% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 4,206 shares of the exchange traded fund’s stock worth $908,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Game Plan Financial Advisors LLC increased its stake in shares of iShares Russell 2000 ETF by 63.8% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 7,238 shares of the exchange traded fund’s stock worth $1,562,000 after purchasing an additional 2,818 shares in the last quarter.

iShares Russell 2000 ETF Price Performance

Shares of IWM opened at $245.13 on Friday. The firm has a 50 day simple moving average of $234.91 and a 200-day simple moving average of $215.97. iShares Russell 2000 ETF has a 1-year low of $171.73 and a 1-year high of $248.48. The stock has a market cap of $69.65 billion, a price-to-earnings ratio of 17.69 and a beta of 1.15.

About iShares Russell 2000 ETF

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.