M Holdings Securities Inc. Invests $3.39 Million in iShares Russell 2000 ETF $IWM

M Holdings Securities Inc. acquired a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the 4th quarter, Holdings Channel reports. The firm acquired 13,765 shares of the exchange traded fund’s stock, valued at approximately $3,389,000.

Several other institutional investors also recently modified their holdings of IWM. Investment Counsel Co. of Nevada acquired a new position in shares of iShares Russell 2000 ETF during the 3rd quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of iShares Russell 2000 ETF during the 3rd quarter worth about $28,000. Abich Financial Wealth Management LLC bought a new stake in shares of iShares Russell 2000 ETF during the 3rd quarter worth about $30,000. Columbia Asset Management bought a new stake in shares of iShares Russell 2000 ETF during the 4th quarter worth about $32,000. Finally, Tucker Asset Management LLC bought a new stake in shares of iShares Russell 2000 ETF during the 4th quarter worth about $32,000.

iShares Russell 2000 ETF Stock Performance

Shares of IWM stock opened at $282.05 on Thursday. The company has a market capitalization of $78.33 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. The company has a 50-day simple moving average of $276.12 and a 200 day simple moving average of $262.67. iShares Russell 2000 ETF has a 52 week low of $206.81 and a 52 week high of $292.88.

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.