Royal Fund Management LLC Makes New Investment in iShares Russell 2000 ETF $IWM

Royal Fund Management LLC acquired a new stake in iShares Russell 2000 ETF (NYSEARCA:IWM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 39,133 shares of the exchange traded fund’s stock, valued at approximately $11,758,000. iShares Russell 2000 ETF makes up 1.0% of Royal Fund Management LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds have also recently modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new position in iShares Russell 2000 ETF during the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares Russell 2000 ETF in the 3rd quarter worth approximately $28,000. Osbon Capital Management LLC purchased a new stake in iShares Russell 2000 ETF in the 4th quarter worth approximately $31,000. Columbia Asset Management purchased a new stake in iShares Russell 2000 ETF in the 4th quarter worth approximately $32,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of iShares Russell 2000 ETF during the 4th quarter worth approximately $32,000.

iShares Russell 2000 ETF Price Performance

NYSEARCA:IWM opened at $302.71 on Thursday. The firm has a market cap of $83.32 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. The company has a 50 day moving average price of $294.79 and a 200-day moving average price of $276.21. iShares Russell 2000 ETF has a 1-year low of $223.69 and a 1-year high of $303.41.

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.