Meritage Portfolio Management Increases Stock Position in iShares Russell 2000 ETF (NYSEARCA:IWM)


Share on StockTwits

Meritage Portfolio Management boosted its stake in iShares Russell 2000 ETF (NYSEARCA:IWM) by 62.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,915 shares of the exchange traded fund’s stock after acquiring an additional 2,646 shares during the period. Meritage Portfolio Management’s holdings in iShares Russell 2000 ETF were worth $1,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IWM. Meridian Management Co. increased its stake in iShares Russell 2000 ETF by 2.0% in the fourth quarter. Meridian Management Co. now owns 2,333 shares of the exchange traded fund’s stock valued at $457,000 after purchasing an additional 46 shares during the period. Exencial Wealth Advisors LLC increased its stake in iShares Russell 2000 ETF by 1.4% in the fourth quarter. Exencial Wealth Advisors LLC now owns 3,578 shares of the exchange traded fund’s stock valued at $701,000 after purchasing an additional 49 shares during the period. Grove Bank & Trust increased its stake in iShares Russell 2000 ETF by 0.6% in the fourth quarter. Grove Bank & Trust now owns 8,000 shares of the exchange traded fund’s stock valued at $1,568,000 after purchasing an additional 50 shares during the period. Mengis Capital Management Inc. increased its stake in iShares Russell 2000 ETF by 1.5% in the fourth quarter. Mengis Capital Management Inc. now owns 3,457 shares of the exchange traded fund’s stock valued at $677,000 after purchasing an additional 50 shares during the period. Finally, Northwest Wealth Management LLC increased its stake in iShares Russell 2000 ETF by 1.3% in the fourth quarter. Northwest Wealth Management LLC now owns 3,994 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 52 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Shares of iShares Russell 2000 ETF stock opened at $225.99 on Tuesday. iShares Russell 2000 ETF has a 52-week low of $117.18 and a 52-week high of $234.53. The company’s 50-day simple moving average is $223.82 and its 200-day simple moving average is $208.70.

About iShares Russell 2000 ETF

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.

Further Reading: How Do I Invest in Dividend Stocks

Want to see what other hedge funds are holding IWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell 2000 ETF (NYSEARCA:IWM).

Institutional Ownership by Quarter for iShares Russell 2000 ETF (NYSEARCA:IWM)

Receive News & Ratings for iShares Russell 2000 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Russell 2000 ETF and related companies with MarketBeat.com's FREE daily email newsletter.