Prescott Group Capital Management L.L.C. Invests $2.43 Million in iShares Russell 2000 ETF $IWM

Prescott Group Capital Management L.L.C. acquired a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,870 shares of the exchange traded fund’s stock, valued at approximately $2,430,000.

Other hedge funds have also added to or reduced their stakes in the company. Investment Counsel Co. of Nevada bought a new stake in iShares Russell 2000 ETF in the third quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in iShares Russell 2000 ETF in the third quarter worth approximately $28,000. Abich Financial Wealth Management LLC bought a new stake in iShares Russell 2000 ETF in the third quarter worth approximately $30,000. Columbia Asset Management bought a new stake in iShares Russell 2000 ETF in the fourth quarter worth approximately $32,000. Finally, Tucker Asset Management LLC bought a new stake in iShares Russell 2000 ETF in the fourth quarter worth approximately $32,000.

iShares Russell 2000 ETF Stock Performance

Shares of IWM stock opened at $279.87 on Thursday. The company has a market cap of $77.72 billion, a P/E ratio of 17.69 and a beta of 1.11. The stock has a 50 day simple moving average of $264.20 and a two-hundred day simple moving average of $257.64. iShares Russell 2000 ETF has a fifty-two week low of $199.65 and a fifty-two week high of $287.58.

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.