Sherman Asset Management Inc. Makes New Investment in iShares Russell 2000 ETF $IWM

Sherman Asset Management Inc. bought a new position in iShares Russell 2000 ETF (NYSEARCA:IWM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,170 shares of the exchange traded fund’s stock, valued at approximately $1,026,000. iShares Russell 2000 ETF comprises about 0.9% of Sherman Asset Management Inc.’s investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds also recently bought and sold shares of IWM. Brighton Jones LLC increased its position in iShares Russell 2000 ETF by 2.6% in the 4th quarter. Brighton Jones LLC now owns 87,732 shares of the exchange traded fund’s stock worth $19,385,000 after purchasing an additional 2,221 shares during the last quarter. Revolve Wealth Partners LLC increased its position in iShares Russell 2000 ETF by 13.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 12,233 shares of the exchange traded fund’s stock worth $2,703,000 after purchasing an additional 1,431 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in iShares Russell 2000 ETF by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,300 shares of the exchange traded fund’s stock worth $1,855,000 after purchasing an additional 1,300 shares during the last quarter. FSC Wealth Advisors LLC increased its position in iShares Russell 2000 ETF by 416.6% in the 2nd quarter. FSC Wealth Advisors LLC now owns 22,515 shares of the exchange traded fund’s stock worth $4,859,000 after purchasing an additional 18,157 shares during the last quarter. Finally, Sei Investments Co. increased its position in iShares Russell 2000 ETF by 22.3% in the 2nd quarter. Sei Investments Co. now owns 16,320 shares of the exchange traded fund’s stock worth $3,522,000 after purchasing an additional 2,975 shares during the last quarter.

iShares Russell 2000 ETF Price Performance

Shares of IWM stock opened at $277.60 on Friday. iShares Russell 2000 ETF has a fifty-two week low of $199.65 and a fifty-two week high of $287.58. The stock’s 50-day moving average is $262.85 and its two-hundred day moving average is $256.97. The firm has a market cap of $77.09 billion, a P/E ratio of 17.69 and a beta of 1.11.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.