Macco Financial Group Inc. Invests $2.67 Million in iShares Russell 2000 ETF $IWM

Macco Financial Group Inc. bought a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 10,850 shares of the exchange traded fund’s stock, valued at approximately $2,671,000. iShares Russell 2000 ETF makes up approximately 2.3% of Macco Financial Group Inc.’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Investment Counsel Co. of Nevada acquired a new stake in iShares Russell 2000 ETF during the 3rd quarter valued at $26,000. Acumen Wealth Advisors LLC acquired a new position in iShares Russell 2000 ETF in the fourth quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new position in iShares Russell 2000 ETF in the third quarter worth $28,000. Columbia Asset Management acquired a new position in iShares Russell 2000 ETF in the fourth quarter worth $32,000. Finally, Tucker Asset Management LLC bought a new stake in shares of iShares Russell 2000 ETF during the fourth quarter worth $32,000.

iShares Russell 2000 ETF Stock Performance

Shares of NYSEARCA:IWM opened at $295.59 on Friday. iShares Russell 2000 ETF has a twelve month low of $206.81 and a twelve month high of $297.91. The firm has a market cap of $82.09 billion, a PE ratio of 17.69 and a beta of 1.11. The business has a fifty day moving average of $281.13 and a 200-day moving average of $264.72.

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