Tiemann Investment Advisors LLC Trims Holdings in iShares Russell 2000 ETF $IWM

Tiemann Investment Advisors LLC reduced its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 56.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,412 shares of the exchange traded fund’s stock after selling 3,143 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in iShares Russell 2000 ETF were worth $594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investment Counsel Co. of Nevada acquired a new stake in iShares Russell 2000 ETF during the third quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in iShares Russell 2000 ETF in the 3rd quarter valued at $28,000. Abich Financial Wealth Management LLC purchased a new position in shares of iShares Russell 2000 ETF during the 3rd quarter worth $30,000. FWL Investment Management LLC lifted its stake in shares of iShares Russell 2000 ETF by 340.0% during the 3rd quarter. FWL Investment Management LLC now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 102 shares during the period. Finally, Columbia Asset Management acquired a new stake in shares of iShares Russell 2000 ETF during the fourth quarter worth $32,000.

iShares Russell 2000 ETF Stock Up 0.9%

Shares of NYSEARCA:IWM opened at $292.95 on Friday. The company has a market cap of $81.35 billion, a P/E ratio of 17.69 and a beta of 1.11. The business has a fifty day simple moving average of $277.84 and a 200-day simple moving average of $263.26. iShares Russell 2000 ETF has a 52 week low of $206.81 and a 52 week high of $295.72.

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.