Stronghold Wealth Management L.L.C. Takes Position in iShares Russell 2000 ETF $IWM

Stronghold Wealth Management L.L.C. purchased a new position in iShares Russell 2000 ETF (NYSEARCA:IWM) during the fourth quarter, HoldingsChannel reports. The firm purchased 3,161 shares of the exchange traded fund’s stock, valued at approximately $778,000. iShares Russell 2000 ETF makes up about 1.1% of Stronghold Wealth Management L.L.C.’s investment portfolio, making the stock its 18th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Entrust Financial LLC purchased a new position in shares of iShares Russell 2000 ETF in the 4th quarter worth $126,000. Cascade Financial Partners LLC boosted its stake in shares of iShares Russell 2000 ETF by 10.3% in the 4th quarter. Cascade Financial Partners LLC now owns 3,135 shares of the exchange traded fund’s stock worth $772,000 after buying an additional 293 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of iShares Russell 2000 ETF by 14.4% in the 4th quarter. TD Private Client Wealth LLC now owns 68,651 shares of the exchange traded fund’s stock worth $16,899,000 after buying an additional 8,617 shares during the last quarter. Aegis Wealth Management Inc. purchased a new position in shares of iShares Russell 2000 ETF in the 4th quarter worth $1,166,000. Finally, Tucker Asset Management LLC purchased a new position in shares of iShares Russell 2000 ETF in the 4th quarter worth $32,000.

iShares Russell 2000 ETF Price Performance

IWM stock opened at $277.60 on Monday. The company has a market cap of $77.09 billion, a P/E ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 1 year low of $199.65 and a 1 year high of $287.58. The stock’s fifty day moving average price is $262.85 and its 200-day moving average price is $257.01.

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.