Kaydan Wealth Management Inc. Sells 82,559 Shares of iShares Russell 2000 ETF (NYSEARCA:IWM)

Kaydan Wealth Management Inc. lessened its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 86.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,074 shares of the exchange traded fund’s stock after selling 82,559 shares during the quarter. iShares Russell 2000 ETF comprises about 0.8% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 21st largest holding. Kaydan Wealth Management Inc.’s holdings in iShares Russell 2000 ETF were worth $2,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in iShares Russell 2000 ETF in the fourth quarter valued at about $4,672,147,000. Wealthfront Advisers LLC boosted its position in iShares Russell 2000 ETF by 45,890.5% during the fourth quarter. Wealthfront Advisers LLC now owns 1,394,893 shares of the exchange traded fund’s stock valued at $308,216,000 after purchasing an additional 1,391,860 shares during the last quarter. GAMMA Investing LLC boosted its position in iShares Russell 2000 ETF by 25,821.0% during the first quarter. GAMMA Investing LLC now owns 998,735 shares of the exchange traded fund’s stock valued at $199,238,000 after purchasing an additional 994,882 shares during the last quarter. Alliancebernstein L.P. boosted its position in iShares Russell 2000 ETF by 90.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,079,970 shares of the exchange traded fund’s stock valued at $238,630,000 after purchasing an additional 511,699 shares during the last quarter. Finally, IMC Chicago LLC raised its stake in iShares Russell 2000 ETF by 135.9% in the first quarter. IMC Chicago LLC now owns 844,413 shares of the exchange traded fund’s stock valued at $168,452,000 after buying an additional 486,396 shares during the period.

iShares Russell 2000 ETF Stock Up 0.9%

NYSEARCA:IWM opened at $210.77 on Tuesday. The stock’s 50 day moving average price is $200.32 and its two-hundred day moving average price is $211.84. The firm has a market capitalization of $63.20 billion, a price-to-earnings ratio of 16.63 and a beta of 1.11. iShares Russell 2000 ETF has a 12-month low of $171.73 and a 12-month high of $244.98.

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.