Penobscot Investment Management Company Inc. Sells 2,505 Shares of iShares Russell 2000 ETF $IWM

Penobscot Investment Management Company Inc. reduced its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 30.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,837 shares of the exchange traded fund’s stock after selling 2,505 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares Russell 2000 ETF were worth $1,259,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in iShares Russell 2000 ETF in the 2nd quarter valued at $28,000. Financial Network Wealth Advisors LLC purchased a new stake in shares of iShares Russell 2000 ETF during the 1st quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in shares of iShares Russell 2000 ETF during the 1st quarter valued at $30,000. Proathlete Wealth Management LLC purchased a new stake in shares of iShares Russell 2000 ETF during the 2nd quarter valued at $30,000. Finally, 1 North Wealth Services LLC bought a new position in shares of iShares Russell 2000 ETF during the 1st quarter worth $34,000.

iShares Russell 2000 ETF Price Performance

Shares of IWM stock opened at $245.83 on Friday. iShares Russell 2000 ETF has a 1 year low of $171.73 and a 1 year high of $248.09. The company’s fifty day simple moving average is $233.01 and its two-hundred day simple moving average is $214.88. The stock has a market capitalization of $72.11 billion, a price-to-earnings ratio of 17.69 and a beta of 1.15.

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.