Alkeon Capital Management LLC Invests $44.19 Million in iShares Russell 2000 ETF $IWM

Alkeon Capital Management LLC acquired a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 179,500 shares of the exchange traded fund’s stock, valued at approximately $44,186,000. Alkeon Capital Management LLC owned 0.06% of iShares Russell 2000 ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IWM. Investment Counsel Co. of Nevada bought a new position in shares of iShares Russell 2000 ETF during the 3rd quarter worth about $26,000. Acumen Wealth Advisors LLC bought a new position in shares of iShares Russell 2000 ETF during the 4th quarter worth about $27,000. Measured Wealth Private Client Group LLC bought a new position in shares of iShares Russell 2000 ETF during the 3rd quarter worth about $28,000. Abich Financial Wealth Management LLC acquired a new stake in shares of iShares Russell 2000 ETF during the 3rd quarter worth about $30,000. Finally, Columbia Asset Management acquired a new stake in shares of iShares Russell 2000 ETF during the 4th quarter worth about $32,000.

iShares Russell 2000 ETF Stock Up 0.6%

Shares of iShares Russell 2000 ETF stock opened at $294.64 on Tuesday. The stock has a market capitalization of $81.82 billion, a P/E ratio of 17.69 and a beta of 1.11. The company has a 50-day simple moving average of $278.71 and a 200 day simple moving average of $263.78. iShares Russell 2000 ETF has a 12-month low of $206.81 and a 12-month high of $297.91.

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.