Shoker Investment Counsel Inc. Invests $624,000 in iShares Russell 2000 ETF $IWM

Shoker Investment Counsel Inc. bought a new stake in iShares Russell 2000 ETF (NYSEARCA:IWM) in the second quarter, Holdings Channel reports. The institutional investor bought 2,893 shares of the exchange traded fund’s stock, valued at approximately $624,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quaker Wealth Management LLC increased its holdings in iShares Russell 2000 ETF by 211.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 228 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of iShares Russell 2000 ETF during the second quarter worth $28,000. Financial Network Wealth Advisors LLC acquired a new stake in shares of iShares Russell 2000 ETF in the first quarter valued at $29,000. Brooklyn Investment Group bought a new position in shares of iShares Russell 2000 ETF in the first quarter valued at about $30,000. Finally, Proathlete Wealth Management LLC bought a new position in shares of iShares Russell 2000 ETF in the second quarter valued at about $30,000.

iShares Russell 2000 ETF Stock Down 2.0%

Shares of NYSEARCA:IWM opened at $232.76 on Tuesday. iShares Russell 2000 ETF has a 12 month low of $171.73 and a 12 month high of $252.77. The company’s 50-day moving average price is $243.17 and its two-hundred day moving average price is $226.63. The firm has a market cap of $64.46 billion, a P/E ratio of 17.69 and a beta of 1.13.

iShares Russell 2000 ETF 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.