Modern Wealth Management LLC decreased its position in iShares Russell 2000 ETF (NYSEARCA:IWM – Free Report) by 8.4% during the third quarter, HoldingsChannel reports. The firm owned 31,731 shares of the exchange traded fund’s stock after selling 2,908 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares Russell 2000 ETF were worth $7,678,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in shares of iShares Russell 2000 ETF during the 3rd quarter worth $30,000. GGM Financials LLC bought a new position in iShares Russell 2000 ETF in the 3rd quarter worth $35,000. Pingora Partners LLC bought a new position in iShares Russell 2000 ETF in the 2nd quarter worth $32,000. Beacon Capital Management Inc. acquired a new position in iShares Russell 2000 ETF during the 2nd quarter worth $35,000. Finally, Caitlin John LLC acquired a new position in iShares Russell 2000 ETF during the 3rd quarter worth $40,000.
iShares Russell 2000 ETF Price Performance
IWM stock opened at $250.89 on Friday. The stock has a market capitalization of $71.47 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13. The company has a 50-day moving average of $260.78 and a two-hundred day moving average of $249.34. iShares Russell 2000 ETF has a 52-week low of $171.73 and a 52-week high of $271.60.
iShares Russell 2000 ETF 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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