Capital Investment Advisory Services LLC Sells 2,851 Shares of iShares Russell 2000 ETF $IWM

Capital Investment Advisory Services LLC lowered its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 9.0% in the 3rd quarter, Holdings Channel reports. The firm owned 28,801 shares of the exchange traded fund’s stock after selling 2,851 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in iShares Russell 2000 ETF were worth $6,969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial & Tax Architects LLC purchased a new stake in iShares Russell 2000 ETF in the 3rd quarter worth approximately $1,348,000. Harmony Asset Management LLC grew its stake in iShares Russell 2000 ETF by 0.6% in the 3rd quarter. Harmony Asset Management LLC now owns 14,398 shares of the exchange traded fund’s stock worth $3,484,000 after buying an additional 90 shares in the last quarter. Black Diamond Financial LLC purchased a new position in iShares Russell 2000 ETF in the 3rd quarter worth approximately $220,000. Firestone Capital Management increased its holdings in shares of iShares Russell 2000 ETF by 0.8% in the 3rd quarter. Firestone Capital Management now owns 15,578 shares of the exchange traded fund’s stock worth $3,769,000 after buying an additional 119 shares during the last quarter. Finally, RMR Wealth Builders raised its position in shares of iShares Russell 2000 ETF by 0.4% during the 3rd quarter. RMR Wealth Builders now owns 37,024 shares of the exchange traded fund’s stock valued at $8,958,000 after buying an additional 152 shares in the last quarter.

iShares Russell 2000 ETF Stock Down 1.8%

NYSEARCA IWM opened at $255.83 on Friday. The stock’s 50-day simple moving average is $255.95 and its two-hundred day simple moving average is $243.43. The company has a market capitalization of $72.87 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13. iShares Russell 2000 ETF has a twelve month low of $171.73 and a twelve month high of $271.60.

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.