iShares Russell 2000 ETF (NYSEARCA:IWM) Shares Purchased by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. grew its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 81.2% during the fourth quarter, Holdings Channel reports. The firm owned 3,536 shares of the exchange traded fund’s stock after acquiring an additional 1,585 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares Russell 2000 ETF were worth $710,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BKM Wealth Management LLC purchased a new position in iShares Russell 2000 ETF in the 4th quarter valued at approximately $28,000. Tucker Asset Management LLC raised its holdings in iShares Russell 2000 ETF by 326.8% in the third quarter. Tucker Asset Management LLC now owns 175 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 134 shares in the last quarter. Arjuna Capital purchased a new position in iShares Russell 2000 ETF in the third quarter worth approximately $34,000. Tradewinds Capital Management LLC acquired a new position in iShares Russell 2000 ETF during the 4th quarter worth approximately $40,000. Finally, Annapolis Financial Services LLC grew its holdings in iShares Russell 2000 ETF by 64.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 244 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 96 shares in the last quarter.

iShares Russell 2000 ETF Price Performance

Shares of IWM traded down $1.19 during midday trading on Wednesday, reaching $203.78. The stock had a trading volume of 18,056,020 shares, compared to its average volume of 36,970,578. The company’s fifty day simple moving average is $202.48 and its two-hundred day simple moving average is $193.37. iShares Russell 2000 ETF has a 1-year low of $161.67 and a 1-year high of $211.88.

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.