Diversified Portfolios Inc. decreased its stake in iShares Russell 2000 Index (NYSEARCA:IWM) by 1.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,597 shares of the exchange traded fund’s stock after selling 923 shares during the period. iShares Russell 2000 Index comprises approximately 4.2% of Diversified Portfolios Inc.’s holdings, making the stock its 6th biggest position. Diversified Portfolios Inc.’s holdings in iShares Russell 2000 Index were worth $7,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. JJJ Advisors Inc. increased its position in iShares Russell 2000 Index by 1.5% in the third quarter. JJJ Advisors Inc. now owns 135,304 shares of the exchange traded fund’s stock worth $20,049,000 after buying an additional 1,936 shares in the last quarter. OLD National Bancorp IN grew its position in shares of iShares Russell 2000 Index by 1.9% during the third quarter. OLD National Bancorp IN now owns 86,740 shares of the exchange traded fund’s stock worth $12,853,000 after purchasing an additional 1,597 shares in the last quarter. Cedar Hill Associates LLC grew its position in shares of iShares Russell 2000 Index by 15.7% during the third quarter. Cedar Hill Associates LLC now owns 9,478 shares of the exchange traded fund’s stock worth $1,404,000 after purchasing an additional 1,285 shares in the last quarter. Weatherstone Capital Management purchased a new stake in shares of iShares Russell 2000 Index during the third quarter worth about $1,501,000. Finally, Premier Asset Management LLC grew its position in shares of iShares Russell 2000 Index by 20.2% during the third quarter. Premier Asset Management LLC now owns 5,340 shares of the exchange traded fund’s stock worth $791,000 after purchasing an additional 898 shares in the last quarter.

Shares of iShares Russell 2000 Index (NYSEARCA:IWM) remained flat at $$154.84 during trading on Wednesday. 3,170,000 shares of the company were exchanged. The company has a market capitalization of $42,120.00 and a P/E ratio of 38.71. iShares Russell 2000 Index has a 52-week low of $132.40 and a 52-week high of $155.50.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 22nd were paid a $0.5793 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.50%. This is a positive change from iShares Russell 2000 Index’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, December 21st. iShares Russell 2000 Index’s dividend payout ratio (DPR) is presently 48.00%.

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About iShares Russell 2000 Index

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.

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Institutional Ownership by Quarter for iShares Russell 2000 Index (NYSEARCA:IWM)

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