SteelPeak Wealth LLC Increases Position in iShares Russell 2000 ETF $IWM

by · The Cerbat Gem

SteelPeak Wealth LLC boosted its position in iShares Russell 2000 ETF (NYSEARCA:IWM – Free Report) by 24.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,806 shares of the exchange traded fund’s stock after acquiring an additional 19,256 shares during the quarter. iShares Russell 2000 ETF accounts for approximately 0.7% of SteelPeak Wealth LLC’s portfolio, making the stock its 29th largest holding. SteelPeak Wealth LLC’s holdings in iShares Russell 2000 ETF were worth $24,504,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IWM. Allspring Global Investments Holdings LLC boosted its holdings in shares of iShares Russell 2000 ETF by 110.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,801 shares of the exchange traded fund’s stock worth $64,836,000 after purchasing an additional 136,243 shares in the last quarter. Frisch Financial Group Inc. raised its holdings in shares of iShares Russell 2000 ETF by 12.7% during the 1st quarter. Frisch Financial Group Inc. now owns 1,434 shares of the exchange traded fund’s stock valued at $356,000 after buying an additional 162 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of iShares Russell 2000 ETF during the 1st quarter valued at about $17,503,000. Frazier Financial Advisors LLC lifted its position in iShares Russell 2000 ETF by 33.3% in the 1st quarter. Frazier Financial Advisors LLC now owns 708 shares of the exchange traded fund’s stock worth $176,000 after buying an additional 177 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in iShares Russell 2000 ETF by 32.6% in the first quarter. Wealthfront Advisers LLC now owns 5,671 shares of the exchange traded fund’s stock worth $1,406,000 after buying an additional 1,393 shares in the last quarter.

iShares Russell 2000 ETF Stock Performance

IWM stock opened at $295.59 on Friday. The company has a market capitalization of $83.28 billion, a PE ratio of 17.69 and a beta of 1.10. iShares Russell 2000 ETF has a one year low of $212.34 and a one year high of $302.72. The company’s 50 day moving average price is $290.60 and its two-hundred day moving average price is $271.18.

About iShares Russell 2000 ETF

(Free Report)

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.

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