Pinnacle Associates Ltd. Has $15.82 Million Stake in iShares Russell 2000 ETF $IWM

Pinnacle Associates Ltd. decreased its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 73,314 shares of the exchange traded fund’s stock after selling 472 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Russell 2000 ETF were worth $15,820,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Quaker Wealth Management LLC lifted its position in shares of iShares Russell 2000 ETF by 211.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 228 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of iShares Russell 2000 ETF during the second quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC acquired a new position in shares of iShares Russell 2000 ETF in the first quarter valued at $29,000. Brooklyn Investment Group bought a new position in iShares Russell 2000 ETF in the first quarter worth $30,000. Finally, Proathlete Wealth Management LLC bought a new position in iShares Russell 2000 ETF in the second quarter worth $30,000.

iShares Russell 2000 ETF Price Performance

Shares of iShares Russell 2000 ETF stock opened at $244.85 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 $68.34 billion, a PE ratio of 17.69 and a beta of 1.13. The company’s fifty day moving average price is $241.69 and its two-hundred day moving average price is $221.84.

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.