Pinnacle Wealth Management Group Inc. Boosts Stake in iShares Russell 2000 ETF $IWM

Pinnacle Wealth Management Group Inc. grew its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 4.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 21,245 shares of the exchange traded fund’s stock after acquiring an additional 926 shares during the period. iShares Russell 2000 ETF comprises about 2.6% of Pinnacle Wealth Management Group Inc.’s holdings, making the stock its 11th largest holding. Pinnacle Wealth Management Group Inc.’s holdings in iShares Russell 2000 ETF were worth $4,584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in shares of iShares Russell 2000 ETF by 1,186.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,271,785 shares of the exchange traded fund’s stock worth $10,228,208,000 after purchasing an additional 47,286,837 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares Russell 2000 ETF by 59.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,044,142 shares of the exchange traded fund’s stock worth $1,205,746,000 after purchasing an additional 2,262,696 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of iShares Russell 2000 ETF by 74.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,010,000 shares of the exchange traded fund’s stock worth $600,465,000 after purchasing an additional 1,287,000 shares in the last quarter. 59 North Capital Management LP boosted its position in shares of iShares Russell 2000 ETF by 107.8% in the 1st quarter. 59 North Capital Management LP now owns 1,731,163 shares of the exchange traded fund’s stock worth $345,350,000 after purchasing an additional 898,067 shares in the last quarter. Finally, Alaska Permanent Fund Corp boosted its position in shares of iShares Russell 2000 ETF by 286.9% in the 1st quarter. Alaska Permanent Fund Corp now owns 1,197,502 shares of the exchange traded fund’s stock worth $233,345,000 after purchasing an additional 887,984 shares in the last quarter.

iShares Russell 2000 ETF Stock Up 1.2%

Shares of IWM opened at $249.43 on Friday. The business’s 50 day moving average price is $239.98 and its 200-day moving average price is $219.82. iShares Russell 2000 ETF has a 52 week low of $171.73 and a 52 week high of $252.77. The stock has a market cap of $70.25 billion, a P/E ratio of 17.69 and a beta of 1.15.

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.