Independent Financial Group LLC Buys New Position in iShares Russell 2000 ETF $IWM

Independent Financial Group LLC bought a new stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 70,575 shares of the exchange traded fund’s stock, valued at approximately $17,503,000. iShares Russell 2000 ETF accounts for about 0.5% of Independent Financial Group LLC’s investment portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC acquired a new position in shares of iShares Russell 2000 ETF in the 4th quarter worth approximately $27,000. Measured Wealth Private Client Group LLC bought a new position in iShares Russell 2000 ETF during the third quarter worth $28,000. Osbon Capital Management LLC bought a new position in iShares Russell 2000 ETF during the fourth quarter worth $31,000. Columbia Asset Management bought a new position in iShares Russell 2000 ETF during the fourth quarter worth $32,000. Finally, Tower View Wealth Management LLC acquired a new position in iShares Russell 2000 ETF in the first quarter valued at $32,000.

iShares Russell 2000 ETF Trading Down 0.1%

Shares of IWM opened at $295.59 on Friday. The stock has a market capitalization of $83.28 billion, a P/E ratio of 17.69 and a beta of 1.10. The firm’s fifty day simple moving average is $290.60 and its two-hundred day simple moving average is $271.18. iShares Russell 2000 ETF has a 12 month low of $212.34 and a 12 month high of $302.72.

iShares Russell 2000 ETF 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.