Torrey Payne Wealth Management LLC Takes $6.61 Million Position in iShares Russell 2000 ETF $IWM

Torrey Payne Wealth Management LLC purchased a new position in iShares Russell 2000 ETF (NYSEARCA:IWM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,046 shares of the exchange traded fund’s stock, valued at approximately $6,612,000. iShares Russell 2000 ETF accounts for approximately 5.9% of Torrey Payne Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Investment Counsel Co. of Nevada purchased a new stake in iShares Russell 2000 ETF during the third quarter worth $26,000. Acumen Wealth Advisors LLC purchased a new position in shares of iShares Russell 2000 ETF in the 4th quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of iShares Russell 2000 ETF in the 3rd quarter valued at $28,000. Columbia Asset Management bought a new position in shares of iShares Russell 2000 ETF in the 4th quarter worth $32,000. Finally, Tucker Asset Management LLC bought a new position in shares of iShares Russell 2000 ETF in the 4th quarter worth $32,000.

iShares Russell 2000 ETF Price Performance

Shares of NYSEARCA IWM opened at $295.59 on Friday. iShares Russell 2000 ETF has a 1-year low of $206.81 and a 1-year high of $297.91. The business has a fifty day moving average price of $281.13 and a 200 day moving average price of $264.72. The stock has a market capitalization of $82.09 billion, a P/E ratio of 17.69 and a beta of 1.11.

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.