SVB Wealth LLC trimmed its holdings in iShares Russell 2000 ETF (NYSEARCA:IWM – Free Report) by 22.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,942 shares of the exchange traded fund’s stock after selling 4,310 shares during the quarter. SVB Wealth LLC’s holdings in iShares Russell 2000 ETF were worth $4,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently added to or reduced their stakes in IWM. AIA Group Ltd raised its stake in shares of iShares Russell 2000 ETF by 181.5% during the first quarter. AIA Group Ltd now owns 1,864,118 shares of the exchange traded fund’s stock valued at $462,301,000 after purchasing an additional 1,201,808 shares in the last quarter. Wolfstich Capital LLC lifted its holdings in iShares Russell 2000 ETF by 44,992.3% in the third quarter. Wolfstich Capital LLC now owns 542,460 shares of the exchange traded fund’s stock worth $150,744,000 after purchasing an additional 541,257 shares during the period. USA Financial Formulas grew its position in iShares Russell 2000 ETF by 15,520.1% in the 1st quarter. USA Financial Formulas now owns 435,956 shares of the exchange traded fund’s stock valued at $108,117,000 after buying an additional 433,165 shares in the last quarter. PNC Financial Services Group Inc. grew its position in iShares Russell 2000 ETF by 6.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,187,467 shares of the exchange traded fund’s stock valued at $790,492,000 after buying an additional 197,189 shares in the last quarter. Finally, Modern Wealth Management LLC grew its position in iShares Russell 2000 ETF by 2,314.3% in the 1st quarter. Modern Wealth Management LLC now owns 205,625 shares of the exchange traded fund’s stock valued at $51,316,000 after buying an additional 197,108 shares in the last quarter.
iShares Russell 2000 ETF Trading Down 1.6%
IWM stock opened at $278.44 on Friday. iShares Russell 2000 ETF has a 52 week low of $228.90 and a 52 week high of $305.18. The company has a market capitalization of $77.20 billion, a price-to-earnings ratio of 16.06 and a beta of 1.14. The firm’s 50-day moving average is $281.12 and its two-hundred day moving average is $279.19.
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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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