Pinnacle Wealth Planning Services Inc. Acquires 11,234 Shares of iShares Russell 2000 ETF (NYSEARCA:IWM)

Pinnacle Wealth Planning Services Inc. increased its holdings in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 125.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,207 shares of the exchange traded fund’s stock after purchasing an additional 11,234 shares during the quarter. iShares Russell 2000 ETF accounts for 0.7% of Pinnacle Wealth Planning Services Inc.’s portfolio, making the stock its 23rd biggest holding. Pinnacle Wealth Planning Services Inc.’s holdings in iShares Russell 2000 ETF were worth $4,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IWM. Field & Main Bank bought a new position in shares of iShares Russell 2000 ETF during the fourth quarter valued at $27,000. Atala Financial Inc bought a new position in shares of iShares Russell 2000 ETF during the fourth quarter valued at $27,000. Insight Inv LLC bought a new position in iShares Russell 2000 ETF in the fourth quarter valued at about $30,000. Conquis Financial LLC bought a new position in iShares Russell 2000 ETF in the fourth quarter valued at about $30,000. Finally, Thompson Investment Management Inc. bought a new position in iShares Russell 2000 ETF in the fourth quarter valued at about $32,000.

iShares Russell 2000 ETF Stock Performance

IWM stock opened at $202.56 on Monday. iShares Russell 2000 ETF has a fifty-two week low of $171.73 and a fifty-two week high of $244.98. The business’s 50-day moving average is $196.31 and its two-hundred day moving average is $214.91. The company has a market cap of $61.22 billion, a price-to-earnings ratio of 16.84 and a beta of 1.12.

iShares Russell 2000 ETF 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.