iShares Russell 2000 ETF $IWM Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC raised its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 2,314.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,625 shares of the exchange traded fund’s stock after purchasing an additional 197,108 shares during the quarter. iShares Russell 2000 ETF comprises approximately 0.9% of Modern Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. Modern Wealth Management LLC’s holdings in iShares Russell 2000 ETF were worth $51,316,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Acumen Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF in the 4th quarter worth approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in iShares Russell 2000 ETF in the 3rd quarter valued at approximately $28,000. Osbon Capital Management LLC bought a new stake in iShares Russell 2000 ETF during the 4th quarter valued at $31,000. Columbia Asset Management bought a new stake in iShares Russell 2000 ETF during the 4th quarter valued at $32,000. Finally, Tucker Asset Management LLC bought a new stake in iShares Russell 2000 ETF during the 4th quarter valued at $32,000.

iShares Russell 2000 ETF Stock Performance

Shares of IWM stock opened at $292.09 on Friday. iShares Russell 2000 ETF has a 1 year low of $212.34 and a 1 year high of $302.72. The firm has a market capitalization of $80.75 billion, a PE ratio of 17.69 and a beta of 1.10. The stock has a fifty day moving average of $291.59 and a two-hundred day moving average of $272.80.

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.