Pinnacle Wealth Management Advisory Group LLC Trims Stock Position in iShares Russell 2000 ETF $IWM

Pinnacle Wealth Management Advisory Group LLC trimmed its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 3.7% in the first quarter, Holdings Channel reports. The fund owned 59,101 shares of the exchange traded fund’s stock after selling 2,254 shares during the period. iShares Russell 2000 ETF accounts for about 1.0% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its 26th biggest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares Russell 2000 ETF were worth $14,657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Investment Counsel Co. of Nevada purchased a new stake in shares of iShares Russell 2000 ETF during the third quarter worth approximately $26,000. Acumen Wealth Advisors LLC acquired a new stake in shares of iShares Russell 2000 ETF during the fourth quarter worth $27,000. Measured Wealth Private Client Group LLC purchased a new position in iShares Russell 2000 ETF in the 3rd quarter valued at $28,000. Osbon Capital Management LLC purchased a new position in iShares Russell 2000 ETF in the 4th quarter valued at $31,000. Finally, Columbia Asset Management acquired a new position in iShares Russell 2000 ETF in the 4th quarter valued at $32,000.

iShares Russell 2000 ETF Stock Performance

Shares of IWM opened at $299.83 on Friday. The stock has a market capitalization of $83.26 billion, a P/E ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 1 year low of $212.34 and a 1 year high of $301.50. The company’s fifty day moving average is $285.08 and its two-hundred day moving average is $266.66.

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