Pinkerton Wealth LLC Makes New $2.56 Million Investment in iShares Russell 2000 ETF $IWM

Pinkerton Wealth LLC purchased a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,381 shares of the exchange traded fund’s stock, valued at approximately $2,555,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Counsel Co. of Nevada bought a new stake in iShares Russell 2000 ETF during the third quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new stake in iShares Russell 2000 ETF during the third quarter worth about $28,000. Abich Financial Wealth Management LLC bought a new stake in iShares Russell 2000 ETF during the third quarter worth about $30,000. Columbia Asset Management bought a new stake in iShares Russell 2000 ETF during the fourth quarter worth about $32,000. Finally, Tucker Asset Management LLC bought a new stake in iShares Russell 2000 ETF during the fourth quarter worth about $32,000.

iShares Russell 2000 ETF Stock Up 2.5%

Shares of IWM stock opened at $279.87 on Thursday. The business has a 50-day moving average price of $264.20 and a two-hundred day moving average price of $257.64. iShares Russell 2000 ETF has a 12-month low of $199.65 and a 12-month high of $287.58. The firm has a market cap of $77.72 billion, a P/E ratio of 17.69 and a beta of 1.11.

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.