Tiemann Investment Advisors LLC Boosts Position in iShares Russell 2000 ETF $IWM

Tiemann Investment Advisors LLC grew its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 87.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,555 shares of the exchange traded fund’s stock after purchasing an additional 2,595 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in iShares Russell 2000 ETF were worth $1,344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IWM. Investment Counsel Co. of Nevada purchased a new position in iShares Russell 2000 ETF during the third quarter valued at $26,000. Abich Financial Wealth Management LLC bought a new stake in shares of iShares Russell 2000 ETF in the 3rd quarter worth $30,000. Pingora Partners LLC purchased a new position in iShares Russell 2000 ETF in the 2nd quarter worth about $32,000. Beacon Capital Management Inc. purchased a new position in shares of iShares Russell 2000 ETF during the second quarter valued at approximately $35,000. Finally, GGM Financials LLC bought a new position in iShares Russell 2000 ETF during the third quarter valued at approximately $35,000.

iShares Russell 2000 ETF Trading Up 1.1%

Shares of IWM stock opened at $253.62 on Tuesday. The stock has a market capitalization of $72.24 billion, a P/E ratio of 17.69 and a beta of 1.13. iShares Russell 2000 ETF has a 12-month low of $171.73 and a 12-month high of $271.60. The firm’s 50 day moving average is $260.86 and its 200 day moving average is $249.71.

iShares Russell 2000 ETF 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.