SCS Capital Management LLC Sells 2,664 Shares of iShares Russell 2000 ETF $IWM

SCS Capital Management LLC trimmed its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 5.6% in the fourth quarter, HoldingsChannel reports. The firm owned 44,732 shares of the exchange traded fund’s stock after selling 2,664 shares during the quarter. SCS Capital Management LLC’s holdings in iShares Russell 2000 ETF were worth $11,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IWM. Investment Counsel Co. of Nevada bought a new position in iShares Russell 2000 ETF during the third quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new position in iShares Russell 2000 ETF during the third quarter worth $28,000. Abich Financial Wealth Management LLC bought a new stake in shares of iShares Russell 2000 ETF in the third quarter valued at about $30,000. Columbia Asset Management bought a new stake in shares of iShares Russell 2000 ETF in the fourth quarter valued at about $32,000. Finally, Tucker Asset Management LLC bought a new stake in shares of iShares Russell 2000 ETF in the fourth quarter valued at about $32,000.

iShares Russell 2000 ETF Stock Performance

Shares of iShares Russell 2000 ETF stock opened at $290.43 on Monday. The firm has a 50-day moving average of $269.62 and a 200-day moving average of $259.84. The stock has a market cap of $80.65 billion, a PE ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 52-week low of $202.67 and a 52-week high of $292.74.

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.