M3 Wealth Management LLC Takes Position in iShares Russell 2000 ETF $IWM

M3 Wealth Management LLC bought a new stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,727 shares of the exchange traded fund’s stock, valued at approximately $671,000.

Several other large investors have also recently modified their holdings of the stock. Rafferty Asset Management LLC increased its position in shares of iShares Russell 2000 ETF by 10.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,747,829 shares of the exchange traded fund’s stock valued at $1,456,114,000 after purchasing an additional 648,801 shares during the last quarter. Durable Capital Partners LP increased its position in shares of iShares Russell 2000 ETF by 105.5% during the 2nd quarter. Durable Capital Partners LP now owns 2,596,668 shares of the exchange traded fund’s stock valued at $560,335,000 after purchasing an additional 1,333,316 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares Russell 2000 ETF by 25.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,967,246 shares of the exchange traded fund’s stock valued at $475,995,000 after acquiring an additional 400,017 shares during the last quarter. IMC Chicago LLC grew its position in iShares Russell 2000 ETF by 344.2% in the 4th quarter. IMC Chicago LLC now owns 1,585,486 shares of the exchange traded fund’s stock valued at $390,283,000 after acquiring an additional 1,228,526 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co increased its stake in iShares Russell 2000 ETF by 926.9% in the third quarter. Varma Mutual Pension Insurance Co now owns 1,458,061 shares of the exchange traded fund’s stock worth $352,792,000 after purchasing an additional 1,316,074 shares during the period.

iShares Russell 2000 ETF Stock Up 1.9%

IWM stock opened at $290.51 on Wednesday. The business’s fifty day simple moving average is $267.06 and its two-hundred day simple moving average is $258.80. iShares Russell 2000 ETF has a twelve month low of $202.67 and a twelve month high of $290.55. The firm has a market cap of $80.67 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11.

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.