Pier 88 Investment Partners LLC Invests $460,000 in iShares Russell 2000 ETF $IWM

Pier 88 Investment Partners LLC purchased a new stake in iShares Russell 2000 ETF (NYSEARCA:IWM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,900 shares of the exchange traded fund’s stock, valued at approximately $460,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Holocene Advisors LP purchased a new stake in shares of iShares Russell 2000 ETF during the 2nd quarter worth approximately $1,230,003,000. Laurel Wealth Advisors LLC raised its stake in iShares Russell 2000 ETF by 22,037.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,865,477 shares of the exchange traded fund’s stock worth $618,341,000 after acquiring an additional 2,852,533 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares Russell 2000 ETF by 35.3% in the second quarter. JPMorgan Chase & Co. now owns 8,178,921 shares of the exchange traded fund’s stock valued at $1,764,930,000 after acquiring an additional 2,134,779 shares during the last quarter. Symphony Financial Ltd. Co. lifted its holdings in shares of iShares Russell 2000 ETF by 2,789.9% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 1,596,080 shares of the exchange traded fund’s stock valued at $344,889,000 after purchasing an additional 1,540,850 shares during the last quarter. Finally, Durable Capital Partners LP lifted its stake in iShares Russell 2000 ETF by 105.5% in the second quarter. Durable Capital Partners LP now owns 2,596,668 shares of the exchange traded fund’s stock valued at $560,335,000 after buying an additional 1,333,316 shares during the last quarter.

iShares Russell 2000 ETF Price Performance

Shares of NYSEARCA:IWM opened at $263.98 on Tuesday. The stock has a market cap of $77.24 billion, a P/E ratio of 17.69 and a beta of 1.13. The firm has a fifty day moving average price of $252.33 and a 200 day moving average price of $241.50. iShares Russell 2000 ETF has a 1-year low of $171.73 and a 1-year high of $271.60.

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.