Modern Wealth Management LLC Buys 22,823 Shares of iShares Russell 2000 ETF (NYSEARCA:IWM)

Modern Wealth Management LLC lifted its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 576.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,780 shares of the exchange traded fund’s stock after acquiring an additional 22,823 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares Russell 2000 ETF were worth $6,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IWM. Legacy Investment Solutions LLC bought a new stake in iShares Russell 2000 ETF in the 3rd quarter worth approximately $25,000. Field & Main Bank purchased a new position in shares of iShares Russell 2000 ETF in the 4th quarter worth $27,000. Atala Financial Inc bought a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth $27,000. Insight Inv LLC purchased a new stake in iShares Russell 2000 ETF during the fourth quarter valued at $30,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in iShares Russell 2000 ETF during the third quarter valued at $31,000.

iShares Russell 2000 ETF Trading Up 2.5 %

IWM opened at $208.86 on Tuesday. The company’s 50 day moving average is $218.01 and its 200 day moving average is $222.76. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 16.20 and a beta of 1.19. iShares Russell 2000 ETF has a 12-month low of $191.34 and a 12-month high of $244.98.

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.