Verdence Capital Advisors LLC Raises Holdings in iShares Russell 2000 ETF $IWM

Verdence Capital Advisors LLC grew its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 18.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 65,280 shares of the exchange traded fund’s stock after purchasing an additional 10,332 shares during the quarter. iShares Russell 2000 ETF accounts for about 0.9% of Verdence Capital Advisors LLC’s holdings, making the stock its 19th biggest holding. Verdence Capital Advisors LLC’s holdings in iShares Russell 2000 ETF were worth $16,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quaker Wealth Management LLC raised its stake in iShares Russell 2000 ETF by 211.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 228 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in iShares Russell 2000 ETF during the 2nd quarter worth about $28,000. Proathlete Wealth Management LLC acquired a new position in shares of iShares Russell 2000 ETF in the 2nd quarter valued at about $30,000. Pingora Partners LLC acquired a new stake in iShares Russell 2000 ETF during the second quarter worth about $32,000. Finally, Beacon Capital Management Inc. acquired a new position in iShares Russell 2000 ETF in the second quarter valued at approximately $35,000.

iShares Russell 2000 ETF Trading Up 0.1%

iShares Russell 2000 ETF stock opened at $265.76 on Monday. The firm has a market cap of $77.77 billion, a PE ratio of 17.69 and a beta of 1.13. iShares Russell 2000 ETF has a 12 month low of $171.73 and a 12 month high of $267.22. The stock’s 50 day simple moving average is $249.22 and its two-hundred day simple moving average is $239.67.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.