Royal Fund Management LLC Has $24.39 Million Holdings in iShares Russell 2000 ETF $IWM

Royal Fund Management LLC increased its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 234.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,936 shares of the exchange traded fund’s stock after purchasing an additional 69,340 shares during the quarter. iShares Russell 2000 ETF makes up about 2.2% of Royal Fund Management LLC’s investment portfolio, making the stock its 3rd largest holding. Royal Fund Management LLC’s holdings in iShares Russell 2000 ETF were worth $24,387,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Northern Financial Advisors Inc grew its stake in iShares Russell 2000 ETF by 4.1% in the third quarter. Northern Financial Advisors Inc now owns 1,144 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 45 shares during the period. Punch & Associates Investment Management Inc. lifted its position in iShares Russell 2000 ETF by 32.1% during the third quarter. Punch & Associates Investment Management Inc. now owns 185 shares of the exchange traded fund’s stock valued at $45,000 after buying an additional 45 shares during the period. Ameriflex Group Inc. lifted its position in iShares Russell 2000 ETF by 8.1% during the third quarter. Ameriflex Group Inc. now owns 642 shares of the exchange traded fund’s stock valued at $155,000 after buying an additional 48 shares during the period. Meridian Wealth Advisors LLC boosted its holdings in shares of iShares Russell 2000 ETF by 1.0% during the 3rd quarter. Meridian Wealth Advisors LLC now owns 4,849 shares of the exchange traded fund’s stock valued at $1,173,000 after buying an additional 49 shares in the last quarter. Finally, Crowley Wealth Management Inc. boosted its holdings in shares of iShares Russell 2000 ETF by 8.1% during the 3rd quarter. Crowley Wealth Management Inc. now owns 665 shares of the exchange traded fund’s stock valued at $161,000 after buying an additional 50 shares in the last quarter.

iShares Russell 2000 ETF Price Performance

NYSEARCA:IWM opened at $239.61 on Tuesday. The firm’s 50-day moving average price is $258.02 and its 200-day moving average price is $250.94. The company has a market capitalization of $68.25 billion, a PE ratio of 17.69 and a beta of 1.13. iShares Russell 2000 ETF has a 1-year low of $171.73 and a 1-year high of $271.60.

About iShares Russell 2000 ETF

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.