Wealth Alliance LLC Invests $1.28 Million in iShares Russell 2000 ETF $IWM

Wealth Alliance LLC purchased a new stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,288 shares of the exchange traded fund’s stock, valued at approximately $1,279,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC boosted its holdings in shares of iShares Russell 2000 ETF by 211.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 228 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in iShares Russell 2000 ETF during the 3rd quarter valued at about $30,000. Pingora Partners LLC bought a new stake in iShares Russell 2000 ETF during the second quarter worth about $32,000. Beacon Capital Management Inc. bought a new stake in iShares Russell 2000 ETF during the second quarter worth about $35,000. Finally, Pineridge Advisors LLC grew its holdings in iShares Russell 2000 ETF by 93.9% in the second quarter. Pineridge Advisors LLC now owns 190 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 92 shares during the period.

iShares Russell 2000 ETF Stock Performance

Shares of NYSEARCA IWM opened at $264.61 on Friday. The company has a 50 day simple moving average of $258.84 and a two-hundred day simple moving average of $246.65. iShares Russell 2000 ETF has a fifty-two week low of $171.73 and a fifty-two week high of $271.60. The company has a market capitalization of $75.37 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13.

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.