Pinnacle Associates Ltd. Has $14.72 Million Stock Position in iShares Russell 2000 ETF (NYSEARCA:IWM)

Pinnacle Associates Ltd. lowered its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 3.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 73,786 shares of the exchange traded fund’s stock after selling 2,331 shares during the period. Pinnacle Associates Ltd.’s holdings in iShares Russell 2000 ETF were worth $14,719,000 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 IWM. Conquis Financial LLC acquired a new position in iShares Russell 2000 ETF in the 4th quarter valued at approximately $30,000. Navigoe LLC acquired a new position in iShares Russell 2000 ETF in the 4th quarter valued at approximately $33,000. Family Management Corp increased its position in iShares Russell 2000 ETF by 224.5% in the 4th quarter. Family Management Corp now owns 159 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 110 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in iShares Russell 2000 ETF by 18,000.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 181 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 180 shares during the period. Finally, von Borstel & Associates Inc. acquired a new position in iShares Russell 2000 ETF in the 1st quarter valued at approximately $41,000.

iShares Russell 2000 ETF Stock Performance

Shares of NYSEARCA IWM opened at $226.68 on Thursday. iShares Russell 2000 ETF has a 52-week low of $171.73 and a 52-week high of $244.98. The firm has a 50 day moving average price of $213.78 and a two-hundred day moving average price of $210.07. The stock has a market cap of $65.69 billion, a P/E 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.