iShares Russell 2000 ETF $IWM Stake Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. increased its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,935 shares of the exchange traded fund’s stock after purchasing an additional 256 shares during the period. Kovack Advisors Inc.’s holdings in iShares Russell 2000 ETF were worth $633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quaker Wealth Management LLC lifted its stake in iShares Russell 2000 ETF by 211.1% in the second quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 228 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of iShares Russell 2000 ETF during the second quarter worth about $28,000. Financial Network Wealth Advisors LLC acquired a new stake in shares of iShares Russell 2000 ETF in the 1st quarter worth about $29,000. Brooklyn Investment Group bought a new stake in iShares Russell 2000 ETF in the 1st quarter valued at about $30,000. Finally, Proathlete Wealth Management LLC bought a new stake in iShares Russell 2000 ETF in the 2nd quarter valued at about $30,000.

iShares Russell 2000 ETF Stock Up 0.6%

iShares Russell 2000 ETF stock opened at $246.23 on Friday. iShares Russell 2000 ETF has a 52-week low of $171.73 and a 52-week high of $252.77. The firm has a market capitalization of $68.72 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13. The firm has a 50-day moving average price of $241.91 and a two-hundred day moving average price of $222.50.

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.