Pinnacle Wealth Planning Services Inc. Raises Stock Holdings in iShares Russell 2000 ETF (NYSEARCA:IWM)

Pinnacle Wealth Planning Services Inc. increased its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 125.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,207 shares of the exchange traded fund’s stock after purchasing an additional 11,234 shares during the period. iShares Russell 2000 ETF accounts for 0.7% of Pinnacle Wealth Planning Services Inc.’s portfolio, making the stock its 23rd biggest position. Pinnacle Wealth Planning Services Inc.’s holdings in iShares Russell 2000 ETF were worth $4,465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth $4,672,147,000. JPMorgan Chase & Co. grew its stake in shares of iShares Russell 2000 ETF by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 4,313,404 shares of the exchange traded fund’s stock worth $952,788,000 after acquiring an additional 1,446,443 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of iShares Russell 2000 ETF by 45,890.5% in the fourth quarter. Wealthfront Advisers LLC now owns 1,394,893 shares of the exchange traded fund’s stock worth $308,216,000 after acquiring an additional 1,391,860 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of iShares Russell 2000 ETF by 21,916.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 737,763 shares of the exchange traded fund’s stock worth $163,016,000 after acquiring an additional 734,412 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of iShares Russell 2000 ETF by 90.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,079,970 shares of the exchange traded fund’s stock worth $238,630,000 after acquiring an additional 511,699 shares during the last quarter.

iShares Russell 2000 ETF Trading Down 0.3%

NYSEARCA IWM opened at $202.56 on Monday. iShares Russell 2000 ETF has a 12 month low of $171.73 and a 12 month high of $244.98. The stock has a market cap of $61.22 billion, a P/E ratio of 16.84 and a beta of 1.12. The stock’s fifty day moving average price is $196.31 and its 200-day moving average price is $214.91.

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.