USA Financial Formulas Purchases 433,165 Shares of iShares Russell 2000 ETF $IWM

USA Financial Formulas raised its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 15,520.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 435,956 shares of the exchange traded fund’s stock after acquiring an additional 433,165 shares during the quarter. iShares Russell 2000 ETF comprises about 19.8% of USA Financial Formulas’ portfolio, making the stock its 2nd biggest holding. USA Financial Formulas’ holdings in iShares Russell 2000 ETF were worth $108,117,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth approximately $27,000. Measured Wealth Private Client Group LLC acquired a new position in iShares Russell 2000 ETF in the 3rd quarter valued at $28,000. Osbon Capital Management LLC acquired a new position in iShares Russell 2000 ETF in the 4th quarter valued at $31,000. FWL Investment Management LLC lifted its holdings in iShares Russell 2000 ETF by 340.0% in the 3rd quarter. FWL Investment Management LLC now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 102 shares in the last quarter. Finally, Columbia Asset Management purchased a new position in iShares Russell 2000 ETF in the 4th quarter valued at $32,000.

iShares Russell 2000 ETF Stock Up 0.5%

Shares of IWM opened at $305.09 on Friday. iShares Russell 2000 ETF has a 52-week low of $223.69 and a 52-week high of $305.18. The stock has a market cap of $83.98 billion, a PE ratio of 17.69 and a beta of 1.11. The firm’s fifty day moving average is $295.49 and its two-hundred day moving average is $276.68.

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.