Envestnet Asset Management Inc. Acquires 400,017 Shares of iShares Russell 2000 ETF $IWM

Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 25.5% in the third quarter, Holdings Channel reports. The institutional investor owned 1,967,246 shares of the exchange traded fund’s stock after acquiring an additional 400,017 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Russell 2000 ETF were worth $475,995,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IWM. Quaker Wealth Management LLC lifted its position in shares of 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 valued at $26,000 after buying an additional 228 shares during the last quarter. Pingora Partners LLC purchased a new position in shares of iShares Russell 2000 ETF in the 2nd quarter worth approximately $32,000. Beacon Capital Management Inc. bought a new position in shares of iShares Russell 2000 ETF during the 2nd quarter worth approximately $35,000. Pineridge Advisors LLC raised its stake in shares of iShares Russell 2000 ETF by 93.9% during the 2nd quarter. Pineridge Advisors LLC now owns 190 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 92 shares in the last quarter. Finally, IMG Wealth Management Inc. lifted its position in iShares Russell 2000 ETF by 67.7% during the second quarter. IMG Wealth Management Inc. now owns 208 shares of the exchange traded fund’s stock valued at $45,000 after acquiring an additional 84 shares during the last quarter.

iShares Russell 2000 ETF Stock Up 0.2%

Shares of IWM opened at $262.78 on Wednesday. The company has a 50 day moving average of $255.52 and a two-hundred day moving average of $243.22. iShares Russell 2000 ETF has a twelve month low of $171.73 and a twelve month high of $271.60. The company has a market cap of $75.80 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.