Redmont Wealth Advisors LLC Invests $619,000 in iShares Russell 2000 ETF (NYSEARCA:IWM)

Redmont Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF (NYSEARCA:IWM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,083 shares of the exchange traded fund’s stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors have also modified their holdings of IWM. Fairfield Bush & CO. purchased a new stake in shares of iShares Russell 2000 ETF during the second quarter worth $25,000. BKM Wealth Management LLC acquired a new stake in iShares Russell 2000 ETF during the fourth quarter worth about $28,000. Tucker Asset Management LLC grew its position in iShares Russell 2000 ETF by 326.8% during the third quarter. Tucker Asset Management LLC now owns 175 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 134 shares in the last quarter. Arjuna Capital acquired a new stake in iShares Russell 2000 ETF during the third quarter worth about $34,000. Finally, Legacy Financial Group LLC acquired a new stake in iShares Russell 2000 ETF during the third quarter valued at approximately $36,000.

iShares Russell 2000 ETF Stock Down 0.6 %

NYSEARCA IWM traded down $1.25 during trading on Friday, reaching $191.59. 30,099,664 shares of the company traded hands, compared to its average volume of 38,398,973. The stock’s 50 day moving average price is $202.93 and its two-hundred day moving average price is $190.68. iShares Russell 2000 ETF has a 1-year low of $161.67 and a 1-year high of $211.88.

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.