Principal Financial Group Inc. Has $3.68 Million Stock Position in iShares Russell 2000 ETF $IWM

Principal Financial Group Inc. lowered its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 38.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 14,830 shares of the exchange traded fund’s stock after selling 9,317 shares during the period. Principal Financial Group Inc.’s holdings in iShares Russell 2000 ETF were worth $3,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IWM. DSG Capital Advisors LLC acquired a new stake in shares of iShares Russell 2000 ETF in the fourth quarter valued at approximately $1,354,000. Horizon Wealth Management LLC acquired a new position in iShares Russell 2000 ETF during the first quarter worth $22,859,000. Westwood Wealth Management acquired a new position in iShares Russell 2000 ETF during the fourth quarter worth $820,000. Apollon Wealth Management LLC grew its position in iShares Russell 2000 ETF by 26.4% in the fourth quarter. Apollon Wealth Management LLC now owns 14,877 shares of the exchange traded fund’s stock valued at $3,662,000 after purchasing an additional 3,107 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in iShares Russell 2000 ETF by 214.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,762 shares of the exchange traded fund’s stock valued at $21,603,000 after buying an additional 59,835 shares during the last quarter.

iShares Russell 2000 ETF Price Performance

Shares of NYSEARCA:IWM opened at $288.57 on Thursday. The company’s 50-day moving average price is $292.78 and its two-hundred day moving average price is $273.81. iShares Russell 2000 ETF has a one year low of $212.34 and a one year high of $302.72. The stock has a market capitalization of $78.36 billion, a PE ratio of 17.69 and a beta of 1.10.

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.