Keudell Morrison Wealth Management Invests $6.32 Million in iShares Russell 2000 ETF (NYSEARCA:IWM)

Keudell Morrison Wealth Management bought a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,616 shares of the exchange traded fund’s stock, valued at approximately $6,316,000. iShares Russell 2000 ETF makes up 2.1% of Keudell Morrison Wealth Management’s holdings, making the stock its 6th largest position.

Several other hedge funds have also modified their holdings of IWM. Cornerstone Advisors Inc. raised its stake in shares of iShares Russell 2000 ETF by 1.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 4,647 shares of the exchange traded fund’s stock worth $711,000 after buying an additional 88 shares in the last quarter. California Public Employees Retirement System increased its stake in iShares Russell 2000 ETF by 3.3% in the 1st quarter. California Public Employees Retirement System now owns 15,937 shares of the exchange traded fund’s stock valued at $2,440,000 after purchasing an additional 510 shares in the last quarter. Foster Dykema Cabot & Co. Inc. MA increased its stake in iShares Russell 2000 ETF by 26.9% in the 1st quarter. Foster Dykema Cabot & Co. Inc. MA now owns 4,243 shares of the exchange traded fund’s stock valued at $650,000 after purchasing an additional 900 shares in the last quarter. Wesbanco Bank Inc. increased its stake in iShares Russell 2000 ETF by 62.4% in the 1st quarter. Wesbanco Bank Inc. now owns 48,422 shares of the exchange traded fund’s stock valued at $7,413,000 after purchasing an additional 18,607 shares in the last quarter. Finally, Burleson & Company LLC increased its stake in iShares Russell 2000 ETF by 165.4% in the 1st quarter. Burleson & Company LLC now owns 33,091 shares of the exchange traded fund’s stock valued at $5,312,000 after purchasing an additional 20,621 shares in the last quarter.

NYSEARCA IWM traded down $1.73 during mid-day trading on Tuesday, hitting $149.61. The stock had a trading volume of 2,614,719 shares, compared to its average volume of 20,847,066. iShares Russell 2000 ETF has a 52-week low of $125.81 and a 52-week high of $169.32. The company has a 50 day simple moving average of $151.02 and a 200 day simple moving average of $153.36.

The company also recently disclosed a — dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were paid a $0.5437 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.

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Institutional Ownership by Quarter for iShares Russell 2000 ETF (NYSEARCA:IWM)

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