Welch & Forbes LLC Lowers Stock Position in iShares Russell 2000 ETF $IWM

Welch & Forbes LLC lessened its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,603 shares of the exchange traded fund’s stock after selling 2,269 shares during the quarter. Welch & Forbes LLC’s holdings in iShares Russell 2000 ETF were worth $6,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Seneca House Advisors raised its position in shares of iShares Russell 2000 ETF by 37.7% in the first quarter. Seneca House Advisors now owns 4,124 shares of the exchange traded fund’s stock worth $1,023,000 after acquiring an additional 1,130 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in shares of iShares Russell 2000 ETF in the 1st quarter valued at about $66,960,000. Fifth Third Bancorp raised its holdings in iShares Russell 2000 ETF by 61.6% in the 1st quarter. Fifth Third Bancorp now owns 957,068 shares of the exchange traded fund’s stock worth $237,353,000 after purchasing an additional 364,779 shares during the period. Sovran Advisors LLC raised its holdings in iShares Russell 2000 ETF by 10.0% in the 1st quarter. Sovran Advisors LLC now owns 2,817 shares of the exchange traded fund’s stock worth $699,000 after purchasing an additional 257 shares during the period. Finally, Rossmore Private Capital raised its holdings in iShares Russell 2000 ETF by 1.3% in the 1st quarter. Rossmore Private Capital now owns 33,743 shares of the exchange traded fund’s stock worth $8,368,000 after purchasing an additional 436 shares during the period.

iShares Russell 2000 ETF Price Performance

IWM stock traded down $1.25 during mid-day trading on Friday, reaching $295.99. 15,882,220 shares of the company’s stock were exchanged, compared to its average volume of 35,758,820. iShares Russell 2000 ETF has a 12-month low of $212.34 and a 12-month high of $302.72. The stock’s 50 day moving average is $289.60 and its 200 day moving average is $269.86. The company has a market cap of $82.29 billion, a price-to-earnings ratio of 17.69 and a beta of 1.10.

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.