iShares Russell 2000 ETF $IWM Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 92.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 48,413 shares of the exchange traded fund’s stock after selling 560,592 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell 2000 ETF were worth $11,917,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Isthmus Partners LLC acquired a new stake in iShares Russell 2000 ETF in the fourth quarter valued at about $211,000. Bedminster LLC acquired a new stake in iShares Russell 2000 ETF in the fourth quarter valued at about $462,000. WHI TRUST Co LLC acquired a new stake in iShares Russell 2000 ETF in the fourth quarter valued at about $123,000. Paulson Wealth Management Inc. lifted its position in iShares Russell 2000 ETF by 2.2% in the fourth quarter. Paulson Wealth Management Inc. now owns 142,345 shares of the exchange traded fund’s stock valued at $35,040,000 after purchasing an additional 3,050 shares during the period. Finally, Bessemer Group Inc. lifted its position in iShares Russell 2000 ETF by 19.1% in the fourth quarter. Bessemer Group Inc. now owns 357,032 shares of the exchange traded fund’s stock valued at $87,889,000 after purchasing an additional 57,239 shares during the period.

iShares Russell 2000 ETF Stock Up 0.9%

Shares of NYSEARCA:IWM opened at $282.49 on Friday. iShares Russell 2000 ETF has a 52 week low of $199.65 and a 52 week high of $287.58. The company has a market cap of $78.45 billion, a P/E ratio of 17.69 and a beta of 1.11. The company has a 50-day moving average price of $264.79 and a 200 day moving average price of $257.89.

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.