Davis Investment Partners LLC Reduces Position in iShares Russell 2000 ETF (NYSEARCA:IWM)

Davis Investment Partners LLC lowered its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 26.7% in the first quarter, HoldingsChannel reports. The firm owned 4,565 shares of the exchange traded fund’s stock after selling 1,667 shares during the period. Davis Investment Partners LLC’s holdings in iShares Russell 2000 ETF were worth $851,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IWM. Proficio Capital Partners LLC purchased a new stake in shares of iShares Russell 2000 ETF in the fourth quarter valued at about $4,672,147,000. Wealthfront Advisers LLC grew its holdings in shares of iShares Russell 2000 ETF by 45,890.5% in the fourth quarter. Wealthfront Advisers LLC now owns 1,394,893 shares of the exchange traded fund’s stock valued at $308,216,000 after purchasing an additional 1,391,860 shares during the period. GAMMA Investing LLC grew its holdings in shares of iShares Russell 2000 ETF by 25,821.0% in the first quarter. GAMMA Investing LLC now owns 998,735 shares of the exchange traded fund’s stock valued at $199,238,000 after purchasing an additional 994,882 shares during the period. Alliancebernstein L.P. grew its holdings in shares of iShares Russell 2000 ETF by 90.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,079,970 shares of the exchange traded fund’s stock valued at $238,630,000 after purchasing an additional 511,699 shares during the period. Finally, IMC Chicago LLC grew its holdings in shares of iShares Russell 2000 ETF by 135.9% in the first quarter. IMC Chicago LLC now owns 844,413 shares of the exchange traded fund’s stock valued at $168,452,000 after purchasing an additional 486,396 shares during the period.

iShares Russell 2000 ETF Trading Down 0.4%

Shares of IWM opened at $213.63 on Thursday. iShares Russell 2000 ETF has a 12-month low of $171.73 and a 12-month high of $244.98. The firm has a 50-day moving average price of $198.26 and a 200 day moving average price of $212.88. The firm has a market capitalization of $64.06 billion, a P/E ratio of 16.63 and a beta of 1.11.

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.