iShares Russell 2000 ETF $IWM is New Perspectives Inc’s 7th Largest Position

New Perspectives Inc lifted its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,586 shares of the exchange traded fund’s stock after purchasing an additional 2,232 shares during the quarter. iShares Russell 2000 ETF comprises approximately 5.4% of New Perspectives Inc’s portfolio, making the stock its 7th biggest position. New Perspectives Inc’s holdings in iShares Russell 2000 ETF were worth $15,521,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Investment Counsel Co. of Nevada acquired a new position in shares of iShares Russell 2000 ETF during the third quarter worth about $26,000. Acumen Wealth Advisors LLC acquired a new stake in iShares Russell 2000 ETF in the fourth quarter valued at about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares Russell 2000 ETF in the 3rd quarter valued at approximately $28,000. Osbon Capital Management LLC purchased a new stake in iShares Russell 2000 ETF in the 4th quarter valued at approximately $31,000. Finally, FWL Investment Management LLC increased its position in iShares Russell 2000 ETF by 340.0% during the 3rd quarter. FWL Investment Management LLC now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 102 shares during the period.

iShares Russell 2000 ETF Trading Up 0.7%

Shares of IWM stock opened at $298.91 on Friday. The stock has a 50 day simple moving average of $284.47 and a 200-day simple moving average of $266.42. The company has a market cap of $83.01 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 12-month low of $212.34 and a 12-month high of $301.50.

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