Northwestern Mutual Wealth Management Co. Reduces Stock Position in iShares Russell 2000 ETF $IWM

Northwestern Mutual Wealth Management Co. trimmed its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 1.2% in the 2nd quarter, Holdings Channel reports. The firm owned 632,247 shares of the exchange traded fund’s stock after selling 7,874 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell 2000 ETF were worth $189,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IWM. Horizon Wealth Management LLC purchased a new position in shares of iShares Russell 2000 ETF in the first quarter worth approximately $22,859,000. Bryn Mawr Trust Advisors LLC increased its holdings in iShares Russell 2000 ETF by 37.8% during the first quarter. Bryn Mawr Trust Advisors LLC now owns 9,676 shares of the exchange traded fund’s stock valued at $2,400,000 after buying an additional 2,654 shares during the last quarter. HighTower Advisors LLC increased its holdings in iShares Russell 2000 ETF by 14.9% during the fourth quarter. HighTower Advisors LLC now owns 590,250 shares of the exchange traded fund’s stock valued at $145,296,000 after buying an additional 76,358 shares during the last quarter. Prospera Financial Services Inc raised its position in iShares Russell 2000 ETF by 12.8% in the fourth quarter. Prospera Financial Services Inc now owns 57,696 shares of the exchange traded fund’s stock worth $14,216,000 after acquiring an additional 6,567 shares during the period. Finally, Integrity Investment Advisors LLC bought a new position in iShares Russell 2000 ETF in the fourth quarter worth approximately $492,000.

iShares Russell 2000 ETF Price Performance

Shares of iShares Russell 2000 ETF stock opened at $293.93 on Tuesday. The company’s fifty day simple moving average is $297.27 and its 200-day simple moving average is $279.58. The stock has a market capitalization of $80.90 billion, a PE ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 1-year low of $228.90 and a 1-year high of $305.18.

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.