Bernard Wealth Management Corp. Has $1.29 Million Stake in iShares Russell 2000 ETF $IWM

Bernard Wealth Management Corp. grew its holdings in iShares Russell 2000 ETF (NYSEARCA:IWM) by 0.8% during the second quarter, Holdings Channel.com reports. The firm owned 5,976 shares of the exchange traded fund’s stock after buying an additional 47 shares during the period. iShares Russell 2000 ETF comprises about 0.6% of Bernard Wealth Management Corp.’s portfolio, making the stock its 29th biggest holding. Bernard Wealth Management Corp.’s holdings in iShares Russell 2000 ETF were worth $1,290,000 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. Opal Wealth Advisors LLC acquired a new position in iShares Russell 2000 ETF in the second quarter worth approximately $28,000. Financial Network Wealth Advisors LLC acquired a new position in iShares Russell 2000 ETF in the first quarter worth approximately $29,000. Brooklyn Investment Group acquired a new position in iShares Russell 2000 ETF in the first quarter worth approximately $30,000. Proathlete Wealth Management LLC acquired a new position in iShares Russell 2000 ETF in the second quarter worth approximately $30,000. Finally, 1 North Wealth Services LLC acquired a new position in iShares Russell 2000 ETF in the first quarter worth approximately $34,000.

iShares Russell 2000 ETF Stock Performance

NYSEARCA:IWM opened at $237.79 on Friday. The stock’s 50 day moving average price is $235.37 and its 200 day moving average price is $216.18. iShares Russell 2000 ETF has a 52 week low of $171.73 and a 52 week high of $248.48. The company has a market capitalization of $67.57 billion, a P/E ratio of 17.69 and a beta of 1.15.

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.