Penn Capital Management Company LLC Grows Position in iShares Russell 2000 ETF $IWM

Penn Capital Management Company LLC raised its holdings in iShares Russell 2000 ETF (NYSEARCA:IWM) by 585.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,761 shares of the exchange traded fund’s stock after acquiring an additional 9,191 shares during the period. Penn Capital Management Company LLC’s holdings in iShares Russell 2000 ETF were worth $2,649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Counsel Co. of Nevada purchased a new stake in shares of iShares Russell 2000 ETF in the 3rd quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of iShares Russell 2000 ETF in the 3rd quarter valued at about $28,000. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares Russell 2000 ETF in the 3rd quarter valued at about $30,000. Columbia Asset Management purchased a new stake in shares of iShares Russell 2000 ETF in the 4th quarter valued at about $32,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of iShares Russell 2000 ETF in the 4th quarter valued at about $32,000.

iShares Russell 2000 ETF Stock Up 1.9%

NYSEARCA:IWM opened at $290.51 on Wednesday. The business’s 50-day moving average price is $267.06 and its two-hundred day moving average price is $258.80. iShares Russell 2000 ETF has a twelve month low of $202.67 and a twelve month high of $290.55. The stock has a market cap of $80.67 billion, a P/E ratio of 17.69 and a beta of 1.11.

iShares Russell 2000 ETF Company 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.