Arbor Investment Advisors LLC Sells 7,098 Shares of iShares Russell 2000 ETF $IWM

Arbor Investment Advisors LLC cut its holdings in iShares Russell 2000 ETF (NYSEARCA:IWM) by 13.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 47,397 shares of the exchange traded fund’s stock after selling 7,098 shares during the period. iShares Russell 2000 ETF makes up 1.5% of Arbor Investment Advisors LLC’s investment portfolio, making the stock its 15th largest position. Arbor Investment Advisors LLC’s holdings in iShares Russell 2000 ETF were worth $11,468,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IWM. Quaker Wealth Management LLC boosted 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 buying an additional 228 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF during the 2nd quarter valued at about $28,000. Proathlete Wealth Management LLC purchased a new stake in shares of iShares Russell 2000 ETF during the 2nd quarter valued at about $30,000. Pingora Partners LLC purchased a new stake in shares of iShares Russell 2000 ETF during the 2nd quarter valued at about $32,000. Finally, Beacon Capital Management Inc. bought a new stake in shares of iShares Russell 2000 ETF in the second quarter worth approximately $35,000.

iShares Russell 2000 ETF Stock Up 1.1%

IWM opened at $248.78 on Friday. The stock has a market capitalization of $68.90 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13. The firm has a 50 day moving average price of $246.22 and a 200-day moving average price of $236.07. iShares Russell 2000 ETF has a twelve month low of $171.73 and a twelve month high of $258.20.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.