Penn Capital Management Company LLC Sells 3,504 Shares of iShares Russell 2000 ETF (NYSEARCA:IWM)

Penn Capital Management Company LLC cut its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 72.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,342 shares of the exchange traded fund’s stock after selling 3,504 shares during the quarter. Penn Capital Management Company LLC’s holdings in iShares Russell 2000 ETF were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Morse Asset Management Inc acquired a new position in shares of iShares Russell 2000 ETF during the 3rd quarter valued at $462,000. McIlrath & Eck LLC increased its stake in iShares Russell 2000 ETF by 84.4% in the third quarter. McIlrath & Eck LLC now owns 1,136 shares of the exchange traded fund’s stock valued at $251,000 after purchasing an additional 520 shares in the last quarter. Anchor Investment Management LLC boosted its position in shares of iShares Russell 2000 ETF by 6.8% during the 3rd quarter. Anchor Investment Management LLC now owns 743 shares of the exchange traded fund’s stock worth $164,000 after purchasing an additional 47 shares in the last quarter. Stock Yards Bank & Trust Co. grew its stake in shares of iShares Russell 2000 ETF by 2.5% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 184,572 shares of the exchange traded fund’s stock valued at $40,770,000 after buying an additional 4,588 shares during the period. Finally, World Investment Advisors LLC grew its stake in shares of iShares Russell 2000 ETF by 58.9% in the 3rd quarter. World Investment Advisors LLC now owns 6,658 shares of the exchange traded fund’s stock valued at $1,471,000 after buying an additional 2,469 shares during the period.

iShares Russell 2000 ETF Stock Performance

IWM stock opened at $194.06 on Friday. The stock’s 50 day simple moving average is $199.85 and its 200 day simple moving average is $218.01. The company has a market cap of $60.76 billion, a P/E ratio of 15.40 and a beta of 1.12. iShares Russell 2000 ETF has a fifty-two week low of $171.73 and a fifty-two week high of $244.98.

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.