Collaborative Wealth Managment Inc. Decreases Position in iShares Russell 2000 ETF $IWM

Collaborative Wealth Managment Inc. lowered its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 56.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 2,436 shares of the exchange traded fund’s stock after selling 3,148 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in iShares Russell 2000 ETF were worth $604,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. LGL Partners LLC lifted its position in iShares Russell 2000 ETF by 0.3% during the 4th quarter. LGL Partners LLC now owns 11,916 shares of the exchange traded fund’s stock worth $2,933,000 after acquiring an additional 38 shares in the last quarter. Rinkey Investments grew its position in iShares Russell 2000 ETF by 2.7% in the fourth quarter. Rinkey Investments now owns 1,526 shares of the exchange traded fund’s stock valued at $376,000 after acquiring an additional 40 shares in the last quarter. North Capital Inc. raised its stake in shares of iShares Russell 2000 ETF by 2.4% during the fourth quarter. North Capital Inc. now owns 1,687 shares of the exchange traded fund’s stock valued at $415,000 after purchasing an additional 40 shares during the period. Moody Lynn & Lieberson LLC raised its stake in shares of iShares Russell 2000 ETF by 0.8% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 5,103 shares of the exchange traded fund’s stock valued at $1,256,000 after purchasing an additional 41 shares during the period. Finally, Sara Bay Financial lifted its position in shares of iShares Russell 2000 ETF by 4.4% during the first quarter. Sara Bay Financial now owns 1,055 shares of the exchange traded fund’s stock worth $262,000 after purchasing an additional 44 shares in the last quarter.

iShares Russell 2000 ETF Trading Up 0.4%

Shares of IWM stock opened at $295.77 on Thursday. The company has a market capitalization of $83.33 billion, a PE ratio of 17.69 and a beta of 1.10. The firm has a fifty day simple moving average of $290.33 and a 200-day simple moving average of $270.87. 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.