Cibc World Market Inc. Grows Holdings in iShares Russell 2000 ETF $IWM

Cibc World Market Inc. raised its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 36.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,869,465 shares of the exchange traded fund’s stock after purchasing an additional 499,263 shares during the period. Cibc World Market Inc.’s holdings in iShares Russell 2000 ETF were worth $460,188,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investment Counsel Co. of Nevada purchased a new position in iShares Russell 2000 ETF in the third quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in iShares Russell 2000 ETF in the third quarter valued at $28,000. Abich Financial Wealth Management LLC purchased a new position in iShares Russell 2000 ETF in the third quarter valued at $30,000. Columbia Asset Management purchased a new position in iShares Russell 2000 ETF in the fourth quarter valued at $32,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of iShares Russell 2000 ETF during the fourth quarter worth about $32,000.

iShares Russell 2000 ETF Stock Down 1.4%

IWM stock opened at $287.67 on Thursday. The stock has a market capitalization of $79.89 billion, a P/E ratio of 17.69 and a beta of 1.11. The firm has a 50-day simple moving average of $272.24 and a 200-day simple moving average of $260.85. iShares Russell 2000 ETF has a 52 week low of $206.81 and a 52 week high of $292.74.

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.