Brookstone Capital Management Increases Stake in iShares Russell 2000 ETF $IWM

Brookstone Capital Management raised its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 8.1% in the third quarter, Holdings Channel reports. The firm owned 268,074 shares of the exchange traded fund’s stock after acquiring an additional 20,049 shares during the quarter. iShares Russell 2000 ETF accounts for 0.8% of Brookstone Capital Management’s holdings, making the stock its 22nd biggest holding. Brookstone Capital Management’s holdings in iShares Russell 2000 ETF were worth $64,863,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IWM. Quaker Wealth Management LLC increased its position in shares of iShares Russell 2000 ETF by 211.1% during the second quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 228 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF in the 2nd quarter valued at approximately $28,000. Proathlete Wealth Management LLC purchased a new stake in iShares Russell 2000 ETF during the 2nd quarter valued at $30,000. Pingora Partners LLC purchased a new stake in iShares Russell 2000 ETF during the 2nd quarter valued at $32,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of iShares Russell 2000 ETF in the 1st quarter worth $34,000.

iShares Russell 2000 ETF Price Performance

IWM stock opened at $252.71 on Thursday. The stock has a market capitalization of $69.99 billion, a P/E ratio of 17.69 and a beta of 1.13. iShares Russell 2000 ETF has a 1-year low of $171.73 and a 1-year high of $258.20. The business has a fifty day moving average price of $245.82 and a 200-day moving average price of $234.44.

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.