Fortem Financial Group LLC Makes New $870,000 Investment in iShares Russell 2000 ETF $IWM

Fortem Financial Group LLC bought a new position in iShares Russell 2000 ETF (NYSEARCA:IWM) in the 1st quarter, Holdings Channel.com reports. The firm bought 3,510 shares of the exchange traded fund’s stock, valued at approximately $870,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Investment Counsel Co. of Nevada acquired a new stake in iShares Russell 2000 ETF in the third quarter valued at about $26,000. Acumen Wealth Advisors LLC purchased a new stake in iShares Russell 2000 ETF in the 4th quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new position in iShares Russell 2000 ETF during the 3rd quarter worth approximately $28,000. Osbon Capital Management LLC acquired a new position in iShares Russell 2000 ETF during the 4th quarter worth approximately $31,000. Finally, Columbia Asset Management purchased a new position in shares of iShares Russell 2000 ETF during the 4th quarter worth approximately $32,000.

iShares Russell 2000 ETF Stock Performance

Shares of IWM stock opened at $295.59 on Friday. The stock has a 50 day simple moving average of $281.83 and a 200-day simple moving average of $264.94. The company has a market cap of $82.09 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 12-month low of $206.81 and a 12-month high of $297.91.

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.