Horizon Wealth Management LLC Invests $10.02 Million in iShares Russell 2000 ETF $IWM

Horizon Wealth Management LLC purchased a new stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,412 shares of the exchange traded fund’s stock, valued at approximately $10,020,000. iShares Russell 2000 ETF makes up approximately 1.5% of Horizon Wealth Management LLC’s portfolio, making the stock its 20th largest holding.

Several other large investors have also recently added to or reduced their stakes in IWM. Angeles Investment Advisors LLC lifted its position in iShares Russell 2000 ETF by 29,431.2% in the 3rd quarter. Angeles Investment Advisors LLC now owns 224,142 shares of the exchange traded fund’s stock valued at $54,233,000 after purchasing an additional 223,383 shares during the last quarter. Alpha Cubed Investments LLC bought a new position in iShares Russell 2000 ETF in the 2nd quarter worth about $234,000. New England Private Wealth Advisors LLC grew its position in iShares Russell 2000 ETF by 1.9% in the 2nd quarter. New England Private Wealth Advisors LLC now owns 29,016 shares of the exchange traded fund’s stock worth $6,429,000 after purchasing an additional 553 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of iShares Russell 2000 ETF by 1.1% in the third quarter. Citizens Financial Group Inc. RI now owns 386,528 shares of the exchange traded fund’s stock valued at $93,524,000 after purchasing an additional 4,061 shares during the period. Finally, State of Wyoming increased its stake in shares of iShares Russell 2000 ETF by 241.9% in the third quarter. State of Wyoming now owns 5,300 shares of the exchange traded fund’s stock valued at $1,282,000 after purchasing an additional 3,750 shares during the period.

iShares Russell 2000 ETF Trading Up 1.3%

Shares of NYSEARCA IWM opened at $262.96 on Friday. The stock has a 50 day simple moving average of $257.83 and a 200-day simple moving average of $245.11. The company has a market cap of $74.90 billion, a PE 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 $271.60.

About iShares Russell 2000 ETF

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.