Summit Investment Advisors Inc. Trims Stock Holdings in iShares Russell 2000 ETF $IWM

Summit Investment Advisors Inc. lowered its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,978 shares of the exchange traded fund’s stock after selling 7,190 shares during the period. iShares Russell 2000 ETF accounts for approximately 11.2% of Summit Investment Advisors Inc.’s portfolio, making the stock its 27th largest holding. Summit Investment Advisors Inc.’s holdings in iShares Russell 2000 ETF were worth $13,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in iShares Russell 2000 ETF by 2.6% during the fourth quarter. Brighton Jones LLC now owns 87,732 shares of the exchange traded fund’s stock worth $19,385,000 after buying an additional 2,221 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in iShares Russell 2000 ETF by 13.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 12,233 shares of the exchange traded fund’s stock valued at $2,703,000 after purchasing an additional 1,431 shares in the last quarter. Cerity Partners LLC lifted its position in iShares Russell 2000 ETF by 4.5% during the first quarter. Cerity Partners LLC now owns 570,372 shares of the exchange traded fund’s stock valued at $113,784,000 after purchasing an additional 24,363 shares during the last quarter. Processus Wealth & Capital Management LLC increased its holdings in shares of iShares Russell 2000 ETF by 1.8% in the 1st quarter. Processus Wealth & Capital Management LLC now owns 17,392 shares of the exchange traded fund’s stock worth $3,470,000 after buying an additional 313 shares during the last quarter. Finally, Seamount Financial Group Inc. grew its position in iShares Russell 2000 ETF by 4.2% in the first quarter. Seamount Financial Group Inc. now owns 10,825 shares of the exchange traded fund’s stock worth $2,159,000 after acquiring an additional 436 shares in the last quarter.

iShares Russell 2000 ETF Trading Up 0.5%

IWM opened at $241.61 on Friday. The stock has a market capitalization of $66.91 billion, a P/E ratio of 17.69 and a beta of 1.13. iShares Russell 2000 ETF has a 12-month low of $171.73 and a 12-month high of $252.77. The stock has a 50-day moving average price of $242.70 and a 200-day moving average price of $224.24.

iShares Russell 2000 ETF Company 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.