Pines Wealth Management LLC Takes Position in iShares Russell 2000 ETF (NYSEARCA:IWM)

Pines Wealth Management LLC acquired a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,907 shares of the exchange traded fund’s stock, valued at approximately $2,799,000. iShares Russell 2000 ETF accounts for 1.2% of Pines Wealth Management LLC’s portfolio, making the stock its 19th largest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of iShares Russell 2000 ETF in the 3rd quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new position in shares of iShares Russell 2000 ETF during the third quarter worth about $26,000. PSI Advisors LLC raised its position in iShares Russell 2000 ETF by 116.7% in the 3rd quarter. PSI Advisors LLC now owns 117 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 63 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in iShares Russell 2000 ETF in the 3rd quarter valued at approximately $31,000. Finally, Kieckhefer Group LLC acquired a new position in iShares Russell 2000 ETF during the 4th quarter worth approximately $33,000.

iShares Russell 2000 ETF Stock Up 1.1 %

Shares of IWM opened at $219.72 on Wednesday. iShares Russell 2000 ETF has a twelve month low of $187.52 and a twelve month high of $244.98. The company has a 50 day moving average of $230.67 and a 200-day moving average of $221.02.

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.