Mechanics Financial Corp Decreases Stock Position in iShares Russell 2000 ETF (NYSEARCA:IWM)

Mechanics Financial Corp decreased its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,781 shares of the exchange traded fund’s stock after selling 222 shares during the period. iShares Russell 2000 ETF makes up about 1.0% of Mechanics Financial Corp’s investment portfolio, making the stock its 22nd largest position. Mechanics Financial Corp’s holdings in iShares Russell 2000 ETF were worth $2,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in iShares Russell 2000 ETF in the third quarter worth about $25,000. Field & Main Bank purchased a new stake in iShares Russell 2000 ETF in the fourth quarter worth $27,000. Atala Financial Inc bought a new stake in shares of iShares Russell 2000 ETF during the fourth quarter worth $27,000. Insight Inv LLC purchased a new stake in shares of iShares Russell 2000 ETF during the fourth quarter valued at $30,000. Finally, Financial Management Professionals Inc. bought a new position in shares of iShares Russell 2000 ETF in the fourth quarter worth about $32,000.

iShares Russell 2000 ETF Price Performance

Shares of IWM opened at $200.45 on Friday. The firm has a market capitalization of $64.79 billion, a price-to-earnings ratio of 16.20 and a beta of 1.19. iShares Russell 2000 ETF has a 1-year low of $191.34 and a 1-year high of $244.98. The company has a 50-day moving average of $216.50 and a 200 day moving average of $222.46.

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.