PNC Financial Services Group Inc. Grows Holdings in iShares Russell 2000 ETF $IWM

PNC Financial Services Group Inc. boosted its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 6.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,187,467 shares of the exchange traded fund’s stock after acquiring an additional 197,189 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Russell 2000 ETF were worth $790,492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HORAN Wealth LLC grew its stake in iShares Russell 2000 ETF by 100.0% during the 1st quarter. HORAN Wealth LLC now owns 12,820 shares of the exchange traded fund’s stock valued at $3,161,000 after purchasing an additional 6,410 shares in the last quarter. Madison Asset Management LLC raised its position in shares of iShares Russell 2000 ETF by 3.0% in the 1st quarter. Madison Asset Management LLC now owns 5,855 shares of the exchange traded fund’s stock valued at $1,452,000 after purchasing an additional 169 shares in the last quarter. Summit Global Investments acquired a new position in shares of iShares Russell 2000 ETF in the 1st quarter valued at approximately $259,000. Cassaday & Co Wealth Management LLC raised its position in shares of iShares Russell 2000 ETF by 1.5% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,688 shares of the exchange traded fund’s stock valued at $915,000 after purchasing an additional 56 shares in the last quarter. Finally, MWA Asset Management boosted its stake in shares of iShares Russell 2000 ETF by 2.0% during the 1st quarter. MWA Asset Management now owns 5,204 shares of the exchange traded fund’s stock valued at $1,291,000 after buying an additional 103 shares during the last quarter.

iShares Russell 2000 ETF Trading Up 1.4%

IWM stock opened at $296.54 on Wednesday. iShares Russell 2000 ETF has a twelve month low of $212.34 and a twelve month high of $302.72. The company has a market capitalization of $82.41 billion, a P/E ratio of 17.69 and a beta of 1.10. The firm has a 50 day simple moving average of $291.22 and a 200-day simple moving average of $272.16.

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.