Gallo Partners LP Takes $3.25 Million Position in iShares Russell 2000 ETF (NYSEARCA:IWM)

Gallo Partners LP purchased a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,721 shares of the exchange traded fund’s stock, valued at approximately $3,253,000. iShares Russell 2000 ETF makes up approximately 2.4% of Gallo Partners LP’s holdings, making the stock its 10th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Field & Main Bank acquired a new position in shares of iShares Russell 2000 ETF during the fourth quarter valued at $27,000. Atala Financial Inc bought a new stake in iShares Russell 2000 ETF during the 4th quarter worth about $27,000. Insight Inv LLC bought a new stake in iShares Russell 2000 ETF during the 4th quarter worth about $30,000. Conquis Financial LLC acquired a new position in iShares Russell 2000 ETF during the 4th quarter valued at about $30,000. Finally, Financial Management Professionals Inc. bought a new position in shares of iShares Russell 2000 ETF in the 4th quarter valued at about $32,000.

iShares Russell 2000 ETF Price Performance

IWM opened at $196.09 on Wednesday. The firm has a 50 day simple moving average of $198.00 and a 200 day simple moving average of $217.52. iShares Russell 2000 ETF has a fifty-two week low of $171.73 and a fifty-two week high of $244.98. The company has a market cap of $61.40 billion, a price-to-earnings ratio of 15.40 and a beta of 1.12.

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.