Pinnacle Wealth Planning Services Inc. Grows Holdings in iShares Russell 2000 ETF (NYSEARCA:IWM)

Pinnacle Wealth Planning Services Inc. raised its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 125.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,207 shares of the exchange traded fund’s stock after buying an additional 11,234 shares during the period. iShares Russell 2000 ETF comprises 0.1% of Pinnacle Wealth Planning Services Inc.’s investment portfolio, making the stock its 24th biggest position. Pinnacle Wealth Planning Services Inc.’s holdings in iShares Russell 2000 ETF were worth $4,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IWM. Legacy Investment Solutions LLC purchased a new stake in shares of iShares Russell 2000 ETF during the third quarter worth about $25,000. Field & Main Bank purchased a new stake in shares of iShares Russell 2000 ETF during the fourth quarter worth about $27,000. Insight Inv LLC purchased a new stake in shares of iShares Russell 2000 ETF during the fourth quarter worth about $30,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of iShares Russell 2000 ETF during the third quarter worth about $31,000. Finally, Financial Management Professionals Inc. purchased a new stake in shares of iShares Russell 2000 ETF during the fourth quarter worth about $32,000.

iShares Russell 2000 ETF Stock Up 1.0 %

IWM stock opened at $208.47 on Thursday. The stock has a market capitalization of $66.77 billion, a P/E ratio of 16.97 and a beta of 1.17. The firm has a 50-day simple moving average of $222.67 and a 200-day simple moving average of $223.89. iShares Russell 2000 ETF has a 52 week low of $191.34 and a 52 week 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.