Summit Investment Advisory Services LLC Makes New Investment in iShares Russell 2000 ETF $IWM

Summit Investment Advisory Services LLC bought a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,089 shares of the exchange traded fund’s stock, valued at approximately $505,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC raised its holdings in shares of iShares Russell 2000 ETF by 5.8% in the 2nd quarter. Empower Advisory Group LLC now owns 8,616,866 shares of the exchange traded fund’s stock valued at $1,859,433,000 after purchasing an additional 472,801 shares during the period. JPMorgan Chase & Co. raised its stake in iShares Russell 2000 ETF by 35.3% in the second quarter. JPMorgan Chase & Co. now owns 8,178,921 shares of the exchange traded fund’s stock valued at $1,764,930,000 after buying an additional 2,134,779 shares during the period. Rafferty Asset Management LLC lifted its position in shares of iShares Russell 2000 ETF by 10.6% in the second 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 buying an additional 648,801 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of iShares Russell 2000 ETF in the second quarter valued at approximately $1,230,003,000. Finally, Laurel Wealth Advisors LLC increased its holdings in shares of iShares Russell 2000 ETF by 22,037.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,865,477 shares of the exchange traded fund’s stock worth $618,341,000 after acquiring an additional 2,852,533 shares during the last quarter.

iShares Russell 2000 ETF Price Performance

Shares of IWM opened at $264.73 on Wednesday. The company’s 50-day moving average is $252.96 and its 200-day moving average is $241.80. The firm has a market capitalization of $77.46 billion, a PE ratio of 17.69 and a beta of 1.13. iShares Russell 2000 ETF has a fifty-two week low of $171.73 and a fifty-two week 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.