Compass Financial Management LLC Invests $2 Million in iShares Russell 2000 ETF $IWM

Compass Financial Management LLC purchased a new stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,472 shares of the exchange traded fund’s stock, valued at approximately $2,005,000.

Other hedge funds have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC purchased a new position in iShares Russell 2000 ETF during the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares Russell 2000 ETF in the third quarter worth $28,000. Osbon Capital Management LLC bought a new stake in iShares Russell 2000 ETF in the 4th quarter valued at about $31,000. Tucker Asset Management LLC purchased a new position in shares of iShares Russell 2000 ETF in the fourth quarter worth about $32,000. Finally, Tower View Wealth Management LLC purchased a new stake in shares of iShares Russell 2000 ETF during the first quarter worth $32,000.

iShares Russell 2000 ETF Trading Up 0.8%

IWM stock opened at $299.96 on Friday. The firm has a 50 day moving average of $296.88 and a 200-day moving average of $278.00. iShares Russell 2000 ETF has a 12 month low of $227.18 and a 12 month high of $305.18. The firm has a market capitalization of $82.56 billion, a P/E ratio of 17.69 and a beta of 1.11.

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.