Independence Wealth Advisors LLC Has $3.09 Million Position in iShares Russell 2000 ETF $IWM

Independence Wealth Advisors LLC cut its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 18.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,443 shares of the exchange traded fund’s stock after selling 2,811 shares during the quarter. iShares Russell 2000 ETF accounts for about 1.6% of Independence Wealth Advisors LLC’s portfolio, making the stock its 14th biggest holding. Independence Wealth Advisors LLC’s holdings in iShares Russell 2000 ETF were worth $3,086,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Investment Counsel Co. of Nevada bought a new stake in iShares Russell 2000 ETF in the 3rd quarter valued at approximately $26,000. Acumen Wealth Advisors LLC bought a new position in shares of iShares Russell 2000 ETF during the 4th quarter worth approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares Russell 2000 ETF in the third quarter valued at approximately $28,000. Osbon Capital Management LLC acquired a new stake in shares of iShares Russell 2000 ETF in the fourth quarter valued at approximately $31,000. Finally, Columbia Asset Management acquired a new stake in shares of iShares Russell 2000 ETF in the fourth quarter valued at approximately $32,000.

iShares Russell 2000 ETF Stock Up 0.5%

Shares of IWM stock opened at $296.69 on Thursday. The company’s fifty day simple moving average is $283.86 and its 200-day simple moving average is $266.08. The firm has a market cap of $82.39 billion, a PE ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 12 month low of $211.89 and a 12 month high of $299.69.

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.