Legacy Wealth Management Inc Sells 2,478 Shares of iShares Russell 2000 ETF $IWM

Legacy Wealth Management Inc decreased its holdings in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 4.2% in the second quarter, Holdings Channel reports. The firm owned 56,019 shares of the exchange traded fund’s stock after selling 2,478 shares during the quarter. iShares Russell 2000 ETF comprises about 0.8% of Legacy Wealth Management Inc’s portfolio, making the stock its 14th biggest holding. Legacy Wealth Management Inc’s holdings in iShares Russell 2000 ETF were worth $12,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IWM. Opal Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF during the second quarter worth about $28,000. Financial Network Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF during the first quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in shares of iShares Russell 2000 ETF during the first quarter worth approximately $30,000. Proathlete Wealth Management LLC acquired a new stake in shares of iShares Russell 2000 ETF during the second quarter worth approximately $30,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of iShares Russell 2000 ETF during the first quarter worth approximately $34,000.

iShares Russell 2000 ETF Trading Up 0.1%

NYSEARCA IWM opened at $241.62 on Tuesday. The firm has a market cap of $69.10 billion, a price-to-earnings ratio of 17.69 and a beta of 1.15. The company has a 50 day moving average of $231.48 and a 200-day moving average of $213.93. iShares Russell 2000 ETF has a 1-year low of $171.73 and a 1-year high of $247.18.

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.