iShares Russell 2000 ETF $IWM Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its holdings in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 26.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,847 shares of the exchange traded fund’s stock after selling 7,606 shares during the quarter. IFP Advisors Inc’s holdings in iShares Russell 2000 ETF were worth $5,045,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Counsel Co. of Nevada acquired a new position in shares of iShares Russell 2000 ETF during the 3rd quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of iShares Russell 2000 ETF during the 3rd quarter worth about $28,000. Abich Financial Wealth Management LLC acquired a new stake in shares of iShares Russell 2000 ETF in the third quarter worth approximately $30,000. Pingora Partners LLC acquired a new stake in shares of iShares Russell 2000 ETF in the second quarter worth approximately $32,000. Finally, FWL Investment Management LLC grew its holdings in iShares Russell 2000 ETF by 340.0% in the third quarter. FWL Investment Management LLC now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 102 shares during the period.

iShares Russell 2000 ETF Stock Performance

Shares of IWM stock opened at $247.63 on Friday. iShares Russell 2000 ETF has a one year low of $171.73 and a one year high of $271.60. The company has a 50 day moving average price of $260.48 and a 200 day moving average price of $250.29. The firm has a market capitalization of $70.54 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13.

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.