Highland Investment Advisors LLC Takes Position in iShares Russell 2000 ETF $IWM

Highland Investment Advisors LLC bought a new stake in iShares Russell 2000 ETF (NYSEARCA:IWM) in the second quarter, Holdings Channel.com reports. The institutional investor bought 3,607 shares of the exchange traded fund’s stock, valued at approximately $1,084,000.

A number of other institutional investors have also added to or reduced their stakes in IWM. Horizon Wealth Management LLC acquired a new position in shares of iShares Russell 2000 ETF during the first quarter worth approximately $22,859,000. Bryn Mawr Trust Advisors LLC grew its position in iShares Russell 2000 ETF by 37.8% in the 1st quarter. Bryn Mawr Trust Advisors LLC now owns 9,676 shares of the exchange traded fund’s stock valued at $2,400,000 after purchasing an additional 2,654 shares during the period. HighTower Advisors LLC grew its position in iShares Russell 2000 ETF by 14.9% in the 4th quarter. HighTower Advisors LLC now owns 590,250 shares of the exchange traded fund’s stock valued at $145,296,000 after purchasing an additional 76,358 shares during the period. Prospera Financial Services Inc grew its position in iShares Russell 2000 ETF by 12.8% in the 4th quarter. Prospera Financial Services Inc now owns 57,696 shares of the exchange traded fund’s stock valued at $14,216,000 after purchasing an additional 6,567 shares during the period. Finally, World Investment Advisors increased its stake in iShares Russell 2000 ETF by 38.8% during the 4th quarter. World Investment Advisors now owns 32,933 shares of the exchange traded fund’s stock valued at $8,107,000 after purchasing an additional 9,214 shares in the last quarter.

iShares Russell 2000 ETF Trading Up 0.3%

IWM opened at $296.01 on Friday. The company’s fifty day moving average price is $296.97 and its two-hundred day moving average price is $280.34. iShares Russell 2000 ETF has a 1-year low of $228.90 and a 1-year high of $305.18. The company has a market cap of $81.48 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11.

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.