Investors Buy iShares Russell 2000 Index (IWM) on Weakness
Investors purchased shares of iShares Russell 2000 Index (NYSEARCA:IWM) on weakness during trading hours on Monday. $232.97 million flowed into the stock on the tick-up and $188.47 million flowed out of the stock on the tick-down, for a money net flow of $44.50 million into the stock. Of all stocks tracked, iShares Russell 2000 Index had the 18th highest net in-flow for the day. iShares Russell 2000 Index traded down ($0.51) for the day and closed at $157.17
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 21st were issued a $0.4121 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.65 annualized dividend and a yield of 1.05%.
Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley grew its position in shares of iShares Russell 2000 Index by 0.3% in the 3rd quarter. Morgan Stanley now owns 18,767,535 shares of the exchange traded fund’s stock worth $3,163,267,000 after buying an additional 49,724 shares during the period. Rafferty Asset Management LLC grew its position in shares of iShares Russell 2000 Index by 35.3% in the 4th quarter. Rafferty Asset Management LLC now owns 3,232,683 shares of the exchange traded fund’s stock worth $432,856,000 after buying an additional 843,952 shares during the period. Catalyst Capital Advisors LLC grew its position in shares of iShares Russell 2000 Index by 24.2% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,654,790 shares of the exchange traded fund’s stock worth $355,476,000 after buying an additional 516,575 shares during the period. Northern Trust Corp grew its position in iShares Russell 2000 Index by 6.9% during the 4th quarter. Northern Trust Corp now owns 2,639,998 shares of the exchange traded fund’s stock valued at $353,495,000 after purchasing an additional 170,117 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in iShares Russell 2000 Index during the 4th quarter valued at about $305,656,000.
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.
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