RMG Wealth Management LLC Makes New Investment in iShares Russell 2000 ETF $IWM

RMG Wealth Management LLC purchased a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 2,248 shares of the exchange traded fund’s stock, valued at approximately $558,000.

A number of other hedge funds have also made changes to their positions in the stock. Dickmeyer Boyce Financial Management Inc. acquired a new position in iShares Russell 2000 ETF during the first quarter valued at approximately $224,000. Sei Investments Co. raised its position in shares of iShares Russell 2000 ETF by 150.9% in the first quarter. Sei Investments Co. now owns 41,084 shares of the exchange traded fund’s stock valued at $10,189,000 after purchasing an additional 24,710 shares during the period. MWA Asset Management lifted its stake in shares of iShares Russell 2000 ETF by 1.6% in the first quarter. MWA Asset Management now owns 5,182 shares of the exchange traded fund’s stock worth $1,286,000 after buying an additional 81 shares during the last quarter. State of Wyoming lifted its stake in shares of iShares Russell 2000 ETF by 16.0% in the first quarter. State of Wyoming now owns 7,195 shares of the exchange traded fund’s stock worth $1,784,000 after buying an additional 995 shares during the last quarter. Finally, Aureus Asset Management LLC lifted its stake in shares of iShares Russell 2000 ETF by 13.2% in the first quarter. Aureus Asset Management LLC now owns 21,901 shares of the exchange traded fund’s stock worth $5,431,000 after buying an additional 2,549 shares during the last quarter.

iShares Russell 2000 ETF Trading Down 0.6%

NYSEARCA IWM opened at $292.09 on Friday. The company has a fifty day simple moving average of $291.59 and a 200 day simple moving average of $272.80. The company has a market cap of $80.75 billion, a P/E ratio of 17.69 and a beta of 1.10. iShares Russell 2000 ETF has a 1 year low of $212.34 and a 1 year high of $302.72.

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.