Independent Financial Group LLC Purchases Shares of 70,575 iShares Russell 2000 ETF $IWM

Independent Financial Group LLC purchased a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the first quarter, Holdings Channel.com reports. The firm purchased 70,575 shares of the exchange traded fund’s stock, valued at approximately $17,503,000. iShares Russell 2000 ETF makes up approximately 0.5% of Independent Financial Group LLC’s investment portfolio, making the stock its 29th biggest position.

Several other large investors also recently modified their holdings of the stock. Acumen Wealth Advisors LLC bought a new stake in shares of iShares Russell 2000 ETF in the 4th quarter valued at $27,000. Measured Wealth Private Client Group LLC bought a new position in iShares Russell 2000 ETF during the third quarter worth $28,000. Osbon Capital Management LLC bought a new position in iShares Russell 2000 ETF during the fourth quarter worth $31,000. Columbia Asset Management acquired a new stake in iShares Russell 2000 ETF in the fourth quarter worth $32,000. Finally, Tucker Asset Management LLC acquired a new stake in iShares Russell 2000 ETF in the fourth quarter worth $32,000.

iShares Russell 2000 ETF Trading Down 0.1%

IWM opened at $295.59 on Friday. iShares Russell 2000 ETF has a 1-year low of $212.34 and a 1-year high of $302.72. The company has a market cap of $83.28 billion, a P/E ratio of 17.69 and a beta of 1.10. The company has a fifty day moving average price of $290.60 and a two-hundred day moving average price of $271.18.

About iShares Russell 2000 ETF

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.