Parallel Advisors LLC Sells 2,588 Shares of iShares Russell 2000 ETF $IWM

Parallel Advisors LLC decreased its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 9.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,293 shares of the exchange traded fund’s stock after selling 2,588 shares during the period. Parallel Advisors LLC’s holdings in iShares Russell 2000 ETF were worth $5,980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investment Counsel Co. of Nevada bought a new stake in iShares Russell 2000 ETF during the 3rd quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new stake in iShares Russell 2000 ETF during the 3rd quarter valued at about $28,000. Abich Financial Wealth Management LLC bought a new stake in iShares Russell 2000 ETF during the 3rd quarter valued at about $30,000. Columbia Asset Management bought a new stake in iShares Russell 2000 ETF during the 4th quarter valued at about $32,000. Finally, Tucker Asset Management LLC bought a new stake in iShares Russell 2000 ETF during the 4th quarter valued at about $32,000.

iShares Russell 2000 ETF Price Performance

Shares of IWM opened at $281.65 on Friday. iShares Russell 2000 ETF has a 1-year low of $206.81 and a 1-year high of $292.88. The company has a 50-day moving average of $273.70 and a 200 day moving average of $261.37. The firm has a market capitalization of $78.21 billion, a price-to-earnings ratio of 17.69 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.