Independence Wealth Advisors LLC Invests $3.76 Million in iShares Russell 2000 ETF $IWM

Independence Wealth Advisors LLC bought a new stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,254 shares of the exchange traded fund’s stock, valued at approximately $3,755,000. iShares Russell 2000 ETF accounts for 2.1% of Independence Wealth Advisors LLC’s portfolio, making the stock its 15th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rafferty Asset Management LLC lifted its holdings in iShares Russell 2000 ETF by 10.6% in the second quarter. Rafferty Asset Management LLC now owns 6,747,829 shares of the exchange traded fund’s stock valued at $1,456,114,000 after acquiring an additional 648,801 shares during the period. Holocene Advisors LP purchased a new position in shares of iShares Russell 2000 ETF in the second quarter worth approximately $1,230,003,000. Laurel Wealth Advisors LLC grew its position in iShares Russell 2000 ETF by 22,037.5% during the second quarter. Laurel Wealth Advisors LLC now owns 2,865,477 shares of the exchange traded fund’s stock valued at $618,341,000 after buying an additional 2,852,533 shares during the period. Durable Capital Partners LP raised its position in iShares Russell 2000 ETF by 105.5% in the second quarter. Durable Capital Partners LP now owns 2,596,668 shares of the exchange traded fund’s stock worth $560,335,000 after acquiring an additional 1,333,316 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of iShares Russell 2000 ETF by 38.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 2,015,990 shares of the exchange traded fund’s stock worth $435,030,000 after acquiring an additional 557,755 shares during the last quarter.

iShares Russell 2000 ETF Price Performance

Shares of IWM stock opened at $242.22 on Monday. iShares Russell 2000 ETF has a 1 year low of $171.73 and a 1 year high of $271.60. The firm has a fifty day moving average price of $260.12 and a 200-day moving average price of $250.58. The company has a market cap of $69.00 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.