Smith Moore & CO. grew its stake in iShares Russell 2000 Index (NYSEARCA:IWM) by 9.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,688 shares of the exchange traded fund’s stock after buying an additional 2,691 shares during the quarter. iShares Russell 2000 Index makes up approximately 1.3% of Smith Moore & CO.’s portfolio, making the stock its 13th biggest position. Smith Moore & CO.’s holdings in iShares Russell 2000 Index were worth $4,679,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in IWM. Janus Henderson Group PLC purchased a new position in iShares Russell 2000 Index in the 2nd quarter worth approximately $12,471,000. Intl Fcstone Inc. purchased a new position in iShares Russell 2000 Index in the 2nd quarter worth approximately $225,000. Eqis Capital Management Inc. purchased a new stake in shares of iShares Russell 2000 Index in the 3rd quarter valued at $232,000. D. Scott Neal Inc. boosted its stake in shares of iShares Russell 2000 Index by 46.8% in the 3rd quarter. D. Scott Neal Inc. now owns 122,337 shares of the exchange traded fund’s stock valued at $18,128,000 after purchasing an additional 39,026 shares in the last quarter. Finally, BerganKDV Wealth Management LLC boosted its stake in shares of iShares Russell 2000 Index by 168.4% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 11,166 shares of the exchange traded fund’s stock valued at $1,655,000 after purchasing an additional 7,006 shares in the last quarter.
Shares of iShares Russell 2000 Index (IWM) opened at $153.34 on Monday. iShares Russell 2000 Index has a 12 month low of $132.40 and a 12 month high of $160.63. The stock has a market cap of $41,230.00 and a price-to-earnings ratio of 38.34.
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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.
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