First Commonwealth Financial Corp PA Grows Position in iShares Russell 2000 ETF (NYSEARCA:IWM)

First Commonwealth Financial Corp PA raised its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 6.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,914 shares of the exchange traded fund’s stock after buying an additional 5,897 shares during the quarter. iShares Russell 2000 ETF comprises 4.8% of First Commonwealth Financial Corp PA’s portfolio, making the stock its 3rd largest holding. First Commonwealth Financial Corp PA’s holdings in iShares Russell 2000 ETF were worth $20,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IWM. Northwest Investment Counselors LLC purchased a new position in shares of iShares Russell 2000 ETF during the third quarter worth about $26,000. PSI Advisors LLC lifted its position in iShares Russell 2000 ETF by 116.7% in the 3rd quarter. PSI Advisors LLC now owns 117 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 63 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in iShares Russell 2000 ETF in the 3rd quarter worth approximately $31,000. Centerpoint Advisors LLC lifted its position in iShares Russell 2000 ETF by 625.0% in the 2nd quarter. Centerpoint Advisors LLC now owns 145 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 125 shares during the last quarter. Finally, Cordant Inc. bought a new stake in iShares Russell 2000 ETF in the second quarter valued at approximately $30,000.

iShares Russell 2000 ETF Stock Performance

IWM stock traded down $1.78 during midday trading on Wednesday, hitting $240.62. The company had a trading volume of 22,581,359 shares, compared to its average volume of 29,576,890. iShares Russell 2000 ETF has a 52 week low of $177.20 and a 52 week high of $244.98. The stock’s 50 day moving average price is $225.04 and its 200 day moving average price is $214.85.

iShares Russell 2000 ETF Company 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.