DAVENPORT & Co LLC Sells 339,478 Shares of iShares Russell 2000 ETF $IWM

DAVENPORT & Co LLC lowered its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 94.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,513 shares of the exchange traded fund’s stock after selling 339,478 shares during the quarter. DAVENPORT & Co LLC’s holdings in iShares Russell 2000 ETF were worth $4,557,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Counsel Co. of Nevada bought a new stake in shares of iShares Russell 2000 ETF during the 3rd quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of iShares Russell 2000 ETF in the third quarter worth $28,000. Abich Financial Wealth Management LLC acquired a new position in iShares Russell 2000 ETF in the third quarter valued at about $30,000. Pingora Partners LLC acquired a new position in iShares Russell 2000 ETF in the second quarter valued at about $32,000. Finally, FWL Investment Management LLC lifted its position in iShares Russell 2000 ETF by 340.0% during the third quarter. FWL Investment Management LLC now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 102 shares during the period.

iShares Russell 2000 ETF Stock Down 1.8%

IWM opened at $243.10 on Friday. The stock has a market capitalization of $69.25 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13. iShares Russell 2000 ETF has a twelve month low of $171.73 and a twelve month high of $271.60. The company has a 50-day simple moving average of $258.55 and a 200 day simple moving average of $250.75.

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.