Belpointe Asset Management LLC Reduces Stake in iShares Russell 2000 ETF $IWM

Belpointe Asset Management LLC cut its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,133 shares of the exchange traded fund’s stock after selling 134 shares during the quarter. Belpointe Asset Management LLC’s holdings in iShares Russell 2000 ETF were worth $3,481,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of iShares Russell 2000 ETF by 18.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 28,093 shares of the exchange traded fund’s stock valued at $6,062,000 after purchasing an additional 4,381 shares during the period. Independent Wealth Network Inc. lifted its position in shares of iShares Russell 2000 ETF by 2.6% in the second quarter. Independent Wealth Network Inc. now owns 2,477 shares of the exchange traded fund’s stock valued at $534,000 after acquiring an additional 62 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in iShares Russell 2000 ETF by 6.6% in the 1st quarter. Mackenzie Financial Corp now owns 80,059 shares of the exchange traded fund’s stock worth $15,971,000 after purchasing an additional 4,939 shares in the last quarter. Pasadena Private Wealth LLC bought a new stake in iShares Russell 2000 ETF in the 1st quarter valued at $339,000. Finally, American National Bank & Trust grew its holdings in shares of iShares Russell 2000 ETF by 52.7% in the second quarter. American National Bank & Trust now owns 11,874 shares of the exchange traded fund’s stock valued at $2,562,000 after purchasing an additional 4,098 shares in the last quarter.

iShares Russell 2000 ETF Trading Up 0.7%

Shares of NYSEARCA:IWM opened at $245.83 on Monday. iShares Russell 2000 ETF has a 12 month low of $171.73 and a 12 month high of $248.09. The company has a market capitalization of $70.91 billion, a price-to-earnings ratio of 17.69 and a beta of 1.15. The firm’s 50-day moving average is $233.01 and its 200 day moving average is $215.01.

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.