USA Financial Formulas Buys New Shares in iShares Russell 2000 ETF $IWM

USA Financial Formulas bought a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,842 shares of the exchange traded fund’s stock, valued at approximately $3,291,000. iShares Russell 2000 ETF accounts for 0.6% of USA Financial Formulas’ portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KWB Wealth increased its stake in shares of iShares Russell 2000 ETF by 3.6% in the third quarter. KWB Wealth now owns 1,303 shares of the exchange traded fund’s stock worth $362,000 after purchasing an additional 45 shares in the last quarter. Forum Financial Management LP raised its position in shares of iShares Russell 2000 ETF by 8.4% during the 3rd quarter. Forum Financial Management LP now owns 3,344 shares of the exchange traded fund’s stock valued at $929,000 after purchasing an additional 260 shares during the period. Intergy Private Wealth LLC raised its position in shares of iShares Russell 2000 ETF by 5.0% during the 3rd quarter. Intergy Private Wealth LLC now owns 775 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 37 shares during the period. Hengehold Capital Management LLC raised its position in shares of iShares Russell 2000 ETF by 3.3% during the 3rd quarter. Hengehold Capital Management LLC now owns 103,582 shares of the exchange traded fund’s stock valued at $28,784,000 after purchasing an additional 3,303 shares during the period. Finally, Eagle Strategies LLC lifted its stake in shares of iShares Russell 2000 ETF by 2.6% during the 3rd quarter. Eagle Strategies LLC now owns 31,429 shares of the exchange traded fund’s stock valued at $8,734,000 after buying an additional 784 shares in the last quarter.

iShares Russell 2000 ETF Stock Performance

IWM opened at $270.44 on Friday. The stock has a market cap of $75.37 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13. The firm’s fifty day moving average is $288.96 and its 200 day moving average is $286.05. iShares Russell 2000 ETF has a fifty-two week low of $228.90 and a fifty-two week high of $305.18.

iShares Russell 2000 ETF 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.