Maxele Advisors LLC Makes New Investment in iShares Russell 2000 ETF $IWM

Maxele Advisors LLC bought a new position in iShares Russell 2000 ETF (NYSEARCA:IWM) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 6,750 shares of the exchange traded fund’s stock, valued at approximately $1,633,000. iShares Russell 2000 ETF comprises about 1.4% of Maxele Advisors LLC’s holdings, making the stock its 19th largest position.

Several other hedge funds have also recently made changes to their positions in IWM. Measured Wealth Private Client Group LLC bought a new position in shares of iShares Russell 2000 ETF in the 3rd quarter valued at about $28,000. Long Path Partners LP bought a new stake in iShares Russell 2000 ETF during the third quarter worth approximately $517,000. Moors & Cabot Inc. raised its position in iShares Russell 2000 ETF by 20.7% during the third quarter. Moors & Cabot Inc. now owns 9,899 shares of the exchange traded fund’s stock valued at $2,395,000 after purchasing an additional 1,700 shares during the period. Mercer Global Advisors Inc. ADV raised its position in iShares Russell 2000 ETF by 17.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 402,856 shares of the exchange traded fund’s stock valued at $96,972,000 after purchasing an additional 59,923 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its stake in shares of iShares Russell 2000 ETF by 0.5% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 232,113 shares of the exchange traded fund’s stock valued at $56,162,000 after purchasing an additional 1,074 shares during the last quarter.

iShares Russell 2000 ETF Price Performance

NYSEARCA:IWM opened at $248.92 on Tuesday. The firm has a market capitalization of $70.90 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13. The business has a 50 day simple moving average of $261.00 and a 200-day simple moving average of $250.24. iShares Russell 2000 ETF has a 1 year low of $171.73 and a 1 year high of $271.60.

iShares Russell 2000 ETF Profile

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.