Horizon Wealth Management LLC Acquires New Stake in iShares Russell 2000 ETF $IWM

Horizon Wealth Management LLC bought a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 92,174 shares of the exchange traded fund’s stock, valued at approximately $22,859,000. iShares Russell 2000 ETF accounts for approximately 3.4% of Horizon Wealth Management LLC’s holdings, making the stock its 10th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in IWM. Midwest Capital Advisors LLC bought a new position in iShares Russell 2000 ETF during the first quarter valued at about $38,000. Capital Asset Advisory Services LLC raised its position in iShares Russell 2000 ETF by 29.6% in the first quarter. Capital Asset Advisory Services LLC now owns 2,632 shares of the exchange traded fund’s stock worth $653,000 after acquiring an additional 601 shares in the last quarter. Essex Financial Services Inc. raised its position in iShares Russell 2000 ETF by 1.3% in the first quarter. Essex Financial Services Inc. now owns 11,506 shares of the exchange traded fund’s stock worth $2,854,000 after acquiring an additional 147 shares in the last quarter. Fulton Bank N.A. lifted its holdings in iShares Russell 2000 ETF by 1.7% in the 1st quarter. Fulton Bank N.A. now owns 18,094 shares of the exchange traded fund’s stock valued at $4,487,000 after acquiring an additional 294 shares during the last quarter. Finally, James Investment Research Inc. lifted its holdings in iShares Russell 2000 ETF by 8.7% in the 1st quarter. James Investment Research Inc. now owns 37,630 shares of the exchange traded fund’s stock valued at $9,332,000 after acquiring an additional 3,016 shares during the last quarter.

iShares Russell 2000 ETF Trading Down 0.4%

NYSEARCA:IWM opened at $299.32 on Thursday. The company has a 50-day moving average of $286.59 and a 200-day moving average of $267.72. The firm has a market cap of $81.85 billion, a price-to-earnings ratio of 17.69 and a beta of 1.10. iShares Russell 2000 ETF has a twelve month low of $212.34 and a twelve month high of $302.72.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.