Marvin & Palmer Associates Inc. Makes New $2.09 Million Investment in iShares Russell 2000 ETF $IWM

Marvin & Palmer Associates Inc. purchased a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,950 shares of the exchange traded fund’s stock, valued at approximately $2,088,000. iShares Russell 2000 ETF makes up about 1.3% of Marvin & Palmer Associates Inc.’s holdings, making the stock its 23rd biggest holding.

A number of other institutional investors have also modified their holdings of the company. Capital Advisors Inc. OK lifted its stake in shares of iShares Russell 2000 ETF by 7.7% during the second quarter. Capital Advisors Inc. OK now owns 6,116 shares of the exchange traded fund’s stock valued at $1,838,000 after buying an additional 435 shares during the period. Trustmark Bank Trust Department raised its holdings in iShares Russell 2000 ETF by 72.7% in the 2nd quarter. Trustmark Bank Trust Department now owns 1,544 shares of the exchange traded fund’s stock valued at $464,000 after acquiring an additional 650 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in iShares Russell 2000 ETF by 21.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,441 shares of the exchange traded fund’s stock valued at $43,097,000 after acquiring an additional 25,561 shares during the last quarter. Washington Trust Bank lifted its stake in shares of iShares Russell 2000 ETF by 57.6% during the 2nd quarter. Washington Trust Bank now owns 17,491 shares of the exchange traded fund’s stock worth $5,255,000 after purchasing an additional 6,393 shares during the period. Finally, Toth Financial Advisory Corp lifted its stake in shares of iShares Russell 2000 ETF by 22.0% during the 2nd quarter. Toth Financial Advisory Corp now owns 10,389 shares of the exchange traded fund’s stock worth $3,121,000 after purchasing an additional 1,871 shares during the period.

iShares Russell 2000 ETF Stock Down 1.4%

IWM stock opened at $295.75 on Friday. The stock has a market capitalization of $81.41 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 52-week low of $228.90 and a 52-week high of $305.18. The stock’s fifty day simple moving average is $297.35 and its 200-day simple moving average is $279.30.

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.