Summit Financial LLC Buys 62,955 Shares of iShares Russell 2000 ETF $IWM

Summit Financial LLC increased its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 89.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 133,688 shares of the exchange traded fund’s stock after purchasing an additional 62,955 shares during the quarter. Summit Financial LLC’s holdings in iShares Russell 2000 ETF were worth $32,909,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Investment Counsel Co. of Nevada bought a new position in shares of iShares Russell 2000 ETF during the 3rd quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in iShares Russell 2000 ETF in the 3rd quarter valued at $28,000. Abich Financial Wealth Management LLC bought a new position in iShares Russell 2000 ETF in the 3rd quarter valued at $30,000. Columbia Asset Management bought a new position in iShares Russell 2000 ETF in the 4th quarter valued at $32,000. Finally, Tucker Asset Management LLC bought a new position in iShares Russell 2000 ETF in the 4th quarter valued at $32,000.

iShares Russell 2000 ETF Stock Up 0.9%

Shares of iShares Russell 2000 ETF stock opened at $292.95 on Friday. The stock’s fifty day moving average is $277.84 and its two-hundred day moving average is $263.26. The company has a market capitalization of $81.35 billion, a PE ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 52 week low of $206.81 and a 52 week high of $295.72.

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.