Promus Capital LLC Invests $2.88 Million in iShares Russell 2000 ETF (NYSEARCA:IWM)

Promus Capital LLC acquired a new position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,010 shares of the exchange traded fund’s stock, valued at approximately $2,875,000. iShares Russell 2000 ETF comprises approximately 2.7% of Promus Capital LLC’s portfolio, making the stock its 8th biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new stake in iShares Russell 2000 ETF during the fourth quarter worth approximately $505,000. Ritholtz Wealth Management grew its stake in iShares Russell 2000 ETF by 7.7% during the fourth quarter. Ritholtz Wealth Management now owns 2,276 shares of the exchange traded fund’s stock worth $503,000 after purchasing an additional 162 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its stake in iShares Russell 2000 ETF by 0.6% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 56,314 shares of the exchange traded fund’s stock worth $12,443,000 after purchasing an additional 339 shares during the period. Legacy Trust grew its stake in iShares Russell 2000 ETF by 1.0% during the fourth quarter. Legacy Trust now owns 30,400 shares of the exchange traded fund’s stock worth $6,717,000 after purchasing an additional 295 shares during the period. Finally, Aurelius Family Office LLC acquired a new stake in iShares Russell 2000 ETF during the fourth quarter worth approximately $1,244,000.

iShares Russell 2000 ETF Price Performance

NYSEARCA IWM opened at $208.47 on Thursday. The business 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 one year low of $191.34 and a one year high of $244.98. The stock has a market capitalization of $66.77 billion, a P/E ratio of 16.97 and a beta of 1.17.

iShares Russell 2000 ETF Company 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.