Pitti Group Wealth Management LLC Has $1.16 Million Stock Holdings in iShares Russell 2000 ETF (NYSEARCA:IWM)

Pitti Group Wealth Management LLC trimmed its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 36.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,228 shares of the exchange traded fund’s stock after selling 2,967 shares during the period. iShares Russell 2000 ETF makes up approximately 1.2% of Pitti Group Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Pitti Group Wealth Management LLC’s holdings in iShares Russell 2000 ETF were worth $1,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IWM. Proficio Capital Partners LLC acquired a new stake in iShares Russell 2000 ETF in the 4th quarter valued at approximately $4,672,147,000. JPMorgan Chase & Co. boosted its stake in shares of iShares Russell 2000 ETF by 50.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,313,404 shares of the exchange traded fund’s stock worth $952,788,000 after acquiring an additional 1,446,443 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of iShares Russell 2000 ETF by 45,890.5% in the fourth quarter. Wealthfront Advisers LLC now owns 1,394,893 shares of the exchange traded fund’s stock valued at $308,216,000 after purchasing an additional 1,391,860 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in iShares Russell 2000 ETF by 21,916.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 737,763 shares of the exchange traded fund’s stock worth $163,016,000 after acquiring an additional 734,412 shares during the last quarter. Finally, Redwood Investment Management LLC acquired a new position in iShares Russell 2000 ETF in the 3rd quarter valued at $142,774,000.

iShares Russell 2000 ETF Trading Up 2.4 %

Shares of IWM stock opened at $202.89 on Monday. The stock has a market cap of $65.57 billion, a P/E ratio of 16.20 and a beta of 1.19. iShares Russell 2000 ETF has a 1 year low of $191.34 and a 1 year high of $244.98. The stock has a 50 day simple moving average of $219.85 and a 200 day simple moving average of $223.22.

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.