Independence Wealth Advisors LLC Purchases Shares of 15,254 iShares Russell 2000 ETF $IWM

Independence Wealth Advisors LLC bought a new stake in iShares Russell 2000 ETF (NYSEARCA:IWM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,254 shares of the exchange traded fund’s stock, valued at approximately $3,755,000. iShares Russell 2000 ETF makes up about 2.1% of Independence Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tompkins Financial Corp grew its position in iShares Russell 2000 ETF by 411.3% in the fourth quarter. Tompkins Financial Corp now owns 22,447 shares of the exchange traded fund’s stock worth $5,526,000 after acquiring an additional 18,057 shares in the last quarter. Fulton Bank N.A. lifted its stake in iShares Russell 2000 ETF by 9.8% during the fourth quarter. Fulton Bank N.A. now owns 17,800 shares of the exchange traded fund’s stock worth $4,382,000 after purchasing an additional 1,593 shares during the last quarter. Elmwood Wealth Management Inc. purchased a new position in shares of iShares Russell 2000 ETF in the 4th quarter worth about $278,000. Grove Bank & Trust increased its position in shares of iShares Russell 2000 ETF by 13.5% during the 4th quarter. Grove Bank & Trust now owns 9,135 shares of the exchange traded fund’s stock valued at $2,249,000 after purchasing an additional 1,090 shares during the last quarter. Finally, Gryphon Financial Partners LLC raised its holdings in shares of iShares Russell 2000 ETF by 62.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 12,180 shares of the exchange traded fund’s stock valued at $2,998,000 after buying an additional 4,696 shares in the last quarter.

iShares Russell 2000 ETF Price Performance

Shares of IWM opened at $242.22 on Monday. iShares Russell 2000 ETF has a 1 year low of $171.73 and a 1 year high of $271.60. The stock has a 50 day simple moving average of $260.12 and a two-hundred day simple moving average of $250.58. The firm has a market cap of $69.00 billion, a P/E ratio of 17.69 and a beta of 1.13.

iShares Russell 2000 ETF Company 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.