Providence Financial Advisors LLC Makes New Investment in iShares Russell 2000 ETF $IWM

Providence Financial Advisors LLC bought a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the 3rd quarter, HoldingsChannel reports. The fund bought 4,034 shares of the exchange traded fund’s stock, valued at approximately $976,000. iShares Russell 2000 ETF accounts for about 0.9% of Providence Financial Advisors LLC’s investment portfolio, making the stock its 15th biggest holding.

Other large investors have also made changes to their positions in the company. Quaker Wealth Management LLC lifted its position in iShares Russell 2000 ETF by 211.1% during the second quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 228 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in iShares Russell 2000 ETF in the 3rd quarter valued at $30,000. Pingora Partners LLC acquired a new stake in shares of iShares Russell 2000 ETF in the 2nd quarter worth $32,000. Beacon Capital Management Inc. purchased a new position in shares of iShares Russell 2000 ETF during the 2nd quarter worth $35,000. Finally, Pineridge Advisors LLC raised its holdings in shares of iShares Russell 2000 ETF by 93.9% during the 2nd quarter. Pineridge Advisors LLC now owns 190 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 92 shares during the period.

iShares Russell 2000 ETF Trading Up 1.3%

Shares of IWM opened at $262.96 on Monday. iShares Russell 2000 ETF has a 12-month low of $171.73 and a 12-month high of $271.60. The firm has a market capitalization of $74.90 billion, a P/E ratio of 17.69 and a beta of 1.13. The firm has a 50-day moving average price of $257.83 and a 200 day moving average price of $245.44.

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.