NewEdge Wealth LLC Has $5.48 Million Position in iShares Russell 2000 ETF $IWM

NewEdge Wealth LLC reduced its holdings in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 31.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 22,106 shares of the exchange traded fund’s stock after selling 9,951 shares during the period. NewEdge Wealth LLC’s holdings in iShares Russell 2000 ETF were worth $5,482,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Acumen Wealth Advisors LLC acquired a new stake in iShares Russell 2000 ETF during the 4th quarter worth approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in iShares Russell 2000 ETF during the 3rd quarter worth about $28,000. Osbon Capital Management LLC bought a new stake in iShares Russell 2000 ETF in the fourth quarter worth approximately $31,000. Columbia Asset Management bought a new stake in shares of iShares Russell 2000 ETF in the 4th quarter valued at $32,000. Finally, Tower View Wealth Management LLC acquired a new stake in iShares Russell 2000 ETF in the first quarter worth $32,000.

iShares Russell 2000 ETF Trading Down 0.6%

IWM opened at $292.09 on Friday. The company has a fifty day moving average price of $291.59 and a two-hundred day moving average price of $272.80. iShares Russell 2000 ETF has a 1-year low of $212.34 and a 1-year high of $302.72. The company has a market cap of $80.75 billion, a P/E ratio of 17.69 and a beta of 1.10.

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.