Bernard Wealth Management Corp. Invests $1.32 Million in iShares Russell 2000 ETF (NYSEARCA:IWM)

Bernard Wealth Management Corp. purchased a new position in iShares Russell 2000 ETF (NYSEARCA:IWM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,988 shares of the exchange traded fund’s stock, valued at approximately $1,323,000. iShares Russell 2000 ETF comprises approximately 0.6% of Bernard Wealth Management Corp.’s portfolio, making the stock its 28th largest position.

A number of other institutional investors have also recently made changes to their positions in IWM. JPMorgan Chase & Co. boosted its stake in shares of iShares Russell 2000 ETF by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 4,313,404 shares of the exchange traded fund’s stock worth $952,788,000 after acquiring an additional 1,446,443 shares during the last quarter. Grassi Investment Management boosted its stake in shares of iShares Russell 2000 ETF by 7.0% in the fourth quarter. Grassi Investment Management now owns 6,417 shares of the exchange traded fund’s stock worth $1,418,000 after acquiring an additional 420 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of iShares Russell 2000 ETF by 2.6% in the fourth quarter. Brighton Jones LLC now owns 87,732 shares of the exchange traded fund’s stock worth $19,385,000 after acquiring an additional 2,221 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of iShares Russell 2000 ETF by 109.8% in the fourth quarter. Sound Income Strategies LLC now owns 472 shares of the exchange traded fund’s stock worth $104,000 after acquiring an additional 247 shares during the last quarter. Finally, Insight Inv LLC acquired a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth approximately $30,000.

iShares Russell 2000 ETF Price Performance

Shares of NYSEARCA:IWM opened at $202.56 on Monday. The business’s 50 day moving average price is $196.31 and its 200-day moving average price is $214.91. The firm has a market capitalization of $61.22 billion, a PE ratio of 16.84 and a beta of 1.12. iShares Russell 2000 ETF has a 1 year low of $171.73 and a 1 year high of $244.98.

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.