Summit Financial Strategies Inc. Reduces Stock Holdings in iShares Russell 2000 ETF (NYSEARCA:IWM)

Summit Financial Strategies Inc. lessened its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,677 shares of the exchange traded fund’s stock after selling 186 shares during the quarter. Summit Financial Strategies Inc.’s holdings in iShares Russell 2000 ETF were worth $1,152,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IWM. Lyell Wealth Management LP grew its holdings in shares of iShares Russell 2000 ETF by 2.1% during the fourth quarter. Lyell Wealth Management LP now owns 14,165 shares of the exchange traded fund’s stock worth $2,843,000 after purchasing an additional 288 shares during the last quarter. American International Group Inc. increased its position in iShares Russell 2000 ETF by 315.1% during the fourth quarter. American International Group Inc. now owns 44,000 shares of the exchange traded fund’s stock worth $8,831,000 after buying an additional 33,400 shares during the period. Cassady Schiller Wealth Management LLC lifted its stake in iShares Russell 2000 ETF by 6.0% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 1,145 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 65 shares during the last quarter. SWP Financial LLC acquired a new stake in shares of iShares Russell 2000 ETF in the fourth quarter valued at approximately $381,000. Finally, Baird Financial Group Inc. grew its position in shares of iShares Russell 2000 ETF by 6.6% during the fourth quarter. Baird Financial Group Inc. now owns 1,109,790 shares of the exchange traded fund’s stock worth $222,746,000 after acquiring an additional 68,342 shares during the last quarter.

iShares Russell 2000 ETF Stock Performance

Shares of iShares Russell 2000 ETF stock traded up $0.56 during trading on Friday, reaching $212.60. The company’s stock had a trading volume of 30,427,401 shares, compared to its average volume of 34,672,992. The company has a 50-day moving average price of $208.37 and a two-hundred day moving average price of $204.38. iShares Russell 2000 ETF has a fifty-two week low of $161.67 and a fifty-two week high of $228.63.

iShares Russell 2000 ETF Company 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.