AmeriServ Wealth Advisors Sells 22,967 Shares of iShares Russell 2000 ETF $IWM

AmeriServ Wealth Advisors lowered its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 75.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,454 shares of the exchange traded fund’s stock after selling 22,967 shares during the period. iShares Russell 2000 ETF comprises about 0.9% of AmeriServ Wealth Advisors’ investment portfolio, making the stock its 13th biggest position. AmeriServ Wealth Advisors’ holdings in iShares Russell 2000 ETF were worth $1,804,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in shares of iShares Russell 2000 ETF in the third quarter worth about $30,000. Pingora Partners LLC purchased a new stake in iShares Russell 2000 ETF in the 2nd quarter worth approximately $32,000. Beacon Capital Management Inc. bought a new stake in shares of iShares Russell 2000 ETF in the 2nd quarter worth approximately $35,000. GGM Financials LLC bought a new stake in shares of iShares Russell 2000 ETF in the 3rd quarter worth approximately $35,000. Finally, Caitlin John LLC purchased a new position in shares of iShares Russell 2000 ETF during the third quarter valued at approximately $40,000.

iShares Russell 2000 ETF Stock Performance

Shares of IWM opened at $261.76 on Thursday. iShares Russell 2000 ETF has a fifty-two week low of $171.73 and a fifty-two week high of $271.60. The firm’s 50-day simple moving average is $260.71 and its two-hundred day simple moving average is $248.97. The stock has a market cap of $74.56 billion, a PE ratio of 17.69 and a beta of 1.13.

iShares Russell 2000 ETF Company 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.