iShares Russell 2000 ETF $IWM Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC lowered its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 15.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,112 shares of the exchange traded fund’s stock after selling 5,126 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Russell 2000 ETF were worth $8,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IWM. PNC Financial Services Group Inc. grew its holdings in shares of iShares Russell 2000 ETF by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,187,467 shares of the exchange traded fund’s stock valued at $790,492,000 after acquiring an additional 197,189 shares in the last quarter. AIA Group Ltd increased its position in shares of iShares Russell 2000 ETF by 181.5% during the first quarter. AIA Group Ltd now owns 1,864,118 shares of the exchange traded fund’s stock valued at $462,301,000 after acquiring an additional 1,201,808 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in iShares Russell 2000 ETF by 12.0% during the first quarter. Catalyst Capital Advisors LLC now owns 1,603,667 shares of the exchange traded fund’s stock worth $397,709,000 after acquiring an additional 171,918 shares during the period. Fifth Third Bancorp lifted its holdings in iShares Russell 2000 ETF by 61.6% during the first quarter. Fifth Third Bancorp now owns 957,068 shares of the exchange traded fund’s stock worth $237,353,000 after acquiring an additional 364,779 shares during the period. Finally, AMG National Trust Bank lifted its holdings in iShares Russell 2000 ETF by 4.6% during the first quarter. AMG National Trust Bank now owns 860,460 shares of the exchange traded fund’s stock worth $213,394,000 after acquiring an additional 37,843 shares during the period.

iShares Russell 2000 ETF Trading Up 1.7%

IWM stock opened at $275.78 on Wednesday. The stock’s fifty day simple moving average is $287.88 and its two-hundred day simple moving average is $286.72. iShares Russell 2000 ETF has a 1-year low of $228.90 and a 1-year high of $305.18. The stock has a market cap of $79.12 billion, a P/E ratio of 17.69 and a beta of 1.13.

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.