Bernard Wealth Management Corp. Buys Shares of 6,620 iShares Russell 2000 ETF (NYSEARCA:IWM)

Bernard Wealth Management Corp. acquired a new stake in iShares Russell 2000 ETF (NYSEARCA:IWM) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 6,620 shares of the exchange traded fund’s stock, valued at approximately $1,463,000. iShares Russell 2000 ETF accounts for about 1.1% of Bernard Wealth Management Corp.’s portfolio, making the stock its 22nd largest holding.

Several other hedge funds have also recently added to or reduced their stakes in IWM. Peoples Bank KS lifted its position in iShares Russell 2000 ETF by 1.3% during the fourth quarter. Peoples Bank KS now owns 3,478 shares of the exchange traded fund’s stock worth $768,000 after purchasing an additional 45 shares during the period. Transform Wealth LLC boosted its position in shares of iShares Russell 2000 ETF by 1.6% during the 4th quarter. Transform Wealth LLC now owns 2,841 shares of the exchange traded fund’s stock worth $628,000 after acquiring an additional 45 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its stake in iShares Russell 2000 ETF by 0.3% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 15,049 shares of the exchange traded fund’s stock valued at $3,325,000 after acquiring an additional 45 shares during the last quarter. Anchor Investment Management LLC raised its position in iShares Russell 2000 ETF by 6.8% during the third quarter. Anchor Investment Management LLC now owns 743 shares of the exchange traded fund’s stock valued at $164,000 after purchasing an additional 47 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. lifted its stake in iShares Russell 2000 ETF by 5.1% during the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 996 shares of the exchange traded fund’s stock worth $220,000 after purchasing an additional 48 shares during the last quarter.

iShares Russell 2000 ETF Stock Performance

Shares of IWM opened at $179.55 on Tuesday. iShares Russell 2000 ETF has a 52-week low of $171.73 and a 52-week high of $244.98. The firm has a market cap of $57.48 billion, a price-to-earnings ratio of 15.93 and a beta of 1.12. The business’s fifty day moving average is $212.18 and its 200-day moving average is $221.55.

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.