Summit Place Financial Advisors LLC Grows Stock Position in iShares Russell 2000 ETF $IWM

Summit Place Financial Advisors LLC raised its holdings in iShares Russell 2000 ETF (NYSEARCA:IWM) by 6.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,336 shares of the exchange traded fund’s stock after buying an additional 925 shares during the quarter. iShares Russell 2000 ETF comprises 1.8% of Summit Place Financial Advisors LLC’s holdings, making the stock its 20th largest position. Summit Place Financial Advisors LLC’s holdings in iShares Russell 2000 ETF were worth $3,525,000 as of its most recent SEC filing.

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

iShares Russell 2000 ETF Stock Performance

Shares of IWM stock opened at $237.79 on Friday. The stock’s 50-day simple moving average is $235.37 and its 200-day simple moving average is $216.18. The firm has a market capitalization of $67.57 billion, a PE ratio of 17.69 and a beta of 1.15. iShares Russell 2000 ETF has a fifty-two week low of $171.73 and a fifty-two week high of $248.48.

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.