River Wealth Advisors LLC Trims Holdings in iShares Russell 2000 ETF $IWM

River Wealth Advisors LLC reduced its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 63.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 87,157 shares of the exchange traded fund’s stock after selling 152,952 shares during the period. iShares Russell 2000 ETF accounts for approximately 2.3% of River Wealth Advisors LLC’s investment portfolio, making the stock its 11th largest position. River Wealth Advisors LLC’s holdings in iShares Russell 2000 ETF were worth $18,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quaker Wealth Management LLC raised its stake in iShares Russell 2000 ETF by 211.1% during the second quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 228 shares during the period. Opal Wealth Advisors LLC acquired a new position in iShares Russell 2000 ETF in the second quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC acquired a new position in iShares Russell 2000 ETF in the first quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new stake in iShares Russell 2000 ETF during the first quarter worth $30,000. Finally, Proathlete Wealth Management LLC purchased a new stake in iShares Russell 2000 ETF in the second quarter valued at $30,000.

iShares Russell 2000 ETF Price Performance

Shares of IWM opened at $245.17 on Wednesday. The firm has a 50-day simple moving average of $243.29 and a two-hundred day simple moving average of $229.55. iShares Russell 2000 ETF has a 1-year low of $171.73 and a 1-year high of $252.77. The stock has a market cap of $67.90 billion, a PE ratio of 17.69 and a beta of 1.13.

iShares Russell 2000 ETF 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.