Summit Investment Advisors Inc. Sells 7,190 Shares of iShares Russell 2000 ETF $IWM

Summit Investment Advisors Inc. cut its holdings in iShares Russell 2000 ETF (NYSEARCA:IWM) by 9.6% during the 1st quarter, Holdings Channel reports. The firm owned 67,978 shares of the exchange traded fund’s stock after selling 7,190 shares during the period. iShares Russell 2000 ETF makes up approximately 11.2% of Summit Investment Advisors Inc.’s investment portfolio, making the stock its 27th biggest position. Summit Investment Advisors Inc.’s holdings in iShares Russell 2000 ETF were worth $13,561,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of iShares Russell 2000 ETF by 1,186.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,271,785 shares of the exchange traded fund’s stock valued at $10,228,208,000 after purchasing an additional 47,286,837 shares during the period. Empower Advisory Group LLC boosted its holdings in shares of iShares Russell 2000 ETF by 3.4% during the 1st quarter. Empower Advisory Group LLC now owns 8,144,065 shares of the exchange traded fund’s stock valued at $1,624,660,000 after buying an additional 265,987 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares Russell 2000 ETF by 59.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,044,142 shares of the exchange traded fund’s stock worth $1,205,746,000 after acquiring an additional 2,262,696 shares in the last quarter. Northern Trust Corp lifted its position in iShares Russell 2000 ETF by 0.8% during the 1st quarter. Northern Trust Corp now owns 4,053,871 shares of the exchange traded fund’s stock valued at $808,707,000 after acquiring an additional 31,261 shares during the period. Finally, US Bancorp DE boosted its stake in iShares Russell 2000 ETF by 2.7% during the first quarter. US Bancorp DE now owns 3,969,039 shares of the exchange traded fund’s stock worth $791,808,000 after acquiring an additional 104,693 shares in the last quarter.

iShares Russell 2000 ETF Stock Performance

Shares of NYSEARCA IWM opened at $241.61 on Friday. The company has a market capitalization of $66.91 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13. The company has a 50 day simple moving average of $242.70 and a two-hundred day simple moving average of $224.24. iShares Russell 2000 ETF has a fifty-two week low of $171.73 and a fifty-two week high of $252.77.

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.