Pinnacle Wealth Management Group Inc. Acquires 926 Shares of iShares Russell 2000 ETF $IWM

Pinnacle Wealth Management Group Inc. boosted its holdings in iShares Russell 2000 ETF (NYSEARCA:IWM) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,245 shares of the exchange traded fund’s stock after buying an additional 926 shares during the period. iShares Russell 2000 ETF makes up 2.6% of Pinnacle Wealth Management Group Inc.’s investment portfolio, making the stock its 11th largest position. Pinnacle Wealth Management Group Inc.’s holdings in iShares Russell 2000 ETF were worth $4,584,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF in the 2nd quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF in the 1st quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in iShares Russell 2000 ETF in the 1st quarter valued at approximately $30,000. Proathlete Wealth Management LLC bought a new position in iShares Russell 2000 ETF in the 2nd quarter valued at approximately $30,000. Finally, 1 North Wealth Services LLC bought a new position in iShares Russell 2000 ETF in the 1st quarter valued at approximately $34,000.

iShares Russell 2000 ETF Trading Up 1.2%

IWM stock opened at $249.43 on Friday. The stock has a market capitalization of $70.25 billion, a PE ratio of 17.69 and a beta of 1.15. iShares Russell 2000 ETF has a 12-month low of $171.73 and a 12-month high of $252.77. The stock’s 50 day simple moving average is $239.98 and its 200 day simple moving average is $219.82.

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.