Highland Investment Advisors LLC Buys New Position in iShares Russell 2000 ETF $IWM

Highland Investment Advisors LLC bought a new stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,607 shares of the exchange traded fund’s stock, valued at approximately $1,084,000.

Several other hedge funds have also recently added to or reduced their stakes in IWM. Horizon Wealth Management LLC acquired a new position in shares of iShares Russell 2000 ETF in the 1st quarter valued at about $22,859,000. Bryn Mawr Trust Advisors LLC boosted its position in shares of iShares Russell 2000 ETF by 37.8% during the 1st quarter. Bryn Mawr Trust Advisors LLC now owns 9,676 shares of the exchange traded fund’s stock valued at $2,400,000 after purchasing an additional 2,654 shares in the last quarter. HighTower Advisors LLC grew its stake in iShares Russell 2000 ETF by 14.9% during the fourth quarter. HighTower Advisors LLC now owns 590,250 shares of the exchange traded fund’s stock worth $145,296,000 after purchasing an additional 76,358 shares during the period. Prospera Financial Services Inc lifted its stake in iShares Russell 2000 ETF by 12.8% in the fourth quarter. Prospera Financial Services Inc now owns 57,696 shares of the exchange traded fund’s stock valued at $14,216,000 after buying an additional 6,567 shares during the period. Finally, World Investment Advisors boosted its holdings in shares of iShares Russell 2000 ETF by 38.8% during the 4th quarter. World Investment Advisors now owns 32,933 shares of the exchange traded fund’s stock worth $8,107,000 after buying an additional 9,214 shares in the last quarter.

iShares Russell 2000 ETF Stock Performance

iShares Russell 2000 ETF stock opened at $296.01 on Friday. The stock has a market capitalization of $81.48 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 52-week low of $228.90 and a 52-week high of $305.18. The stock’s 50 day moving average price is $296.97 and its two-hundred day moving average price is $280.34.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.