Pettinga Financial Advisors LLC acquired a new position in iShares Russell 2000 ETF (NYSEARCA:IWM) during the first quarter, HoldingsChannel.com reports. The firm acquired 1,450 shares of the exchange traded fund’s stock, valued at approximately $222,000.
Several other hedge funds have also modified their holdings of IWM. Westside Investment Management Inc. purchased a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth $27,000. Pacific Center for Financial Services purchased a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth $33,000. Truvestments Capital LLC purchased a new stake in shares of iShares Russell 2000 ETF in the first quarter worth $37,000. Financial Gravity Companies Inc. purchased a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth $41,000. Finally, Financial Gravity Wealth Inc. purchased a new stake in iShares Russell 2000 ETF during the first quarter valued at about $42,000.
NYSEARCA IWM traded down $0.50 during trading hours on Wednesday, reaching $150.80. 623,579 shares of the stock traded hands, compared to its average volume of 20,907,096. iShares Russell 2000 ETF has a 1 year low of $125.81 and a 1 year high of $173.39.
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.
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