Diversified Management Inc. Invests $718,000 in iShares Russell 2000 ETF $IWM

Diversified Management Inc. bought a new stake in iShares Russell 2000 ETF (NYSEARCA:IWM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,916 shares of the exchange traded fund’s stock, valued at approximately $718,000.

Several other hedge funds have also modified their holdings of IWM. Brighton Jones LLC lifted its position in shares of iShares Russell 2000 ETF by 2.6% during the fourth quarter. Brighton Jones LLC now owns 87,732 shares of the exchange traded fund’s stock worth $19,385,000 after purchasing an additional 2,221 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in iShares Russell 2000 ETF by 13.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 12,233 shares of the exchange traded fund’s stock valued at $2,703,000 after purchasing an additional 1,431 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in iShares Russell 2000 ETF by 16.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,300 shares of the exchange traded fund’s stock worth $1,855,000 after buying an additional 1,300 shares during the period. FSC Wealth Advisors LLC increased its stake in iShares Russell 2000 ETF by 416.6% during the 2nd quarter. FSC Wealth Advisors LLC now owns 22,515 shares of the exchange traded fund’s stock worth $4,859,000 after buying an additional 18,157 shares during the period. Finally, Sei Investments Co. lifted its holdings in iShares Russell 2000 ETF by 22.3% in the 2nd quarter. Sei Investments Co. now owns 16,320 shares of the exchange traded fund’s stock worth $3,522,000 after buying an additional 2,975 shares in the last quarter.

iShares Russell 2000 ETF Price Performance

NYSEARCA:IWM opened at $269.39 on Thursday. The firm has a 50-day moving average of $256.56 and a two-hundred day moving average of $252.26. The stock has a market cap of $75.39 billion, a P/E ratio of 17.69 and a beta of 1.09. iShares Russell 2000 ETF has a 1-year low of $180.76 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.