Financial Management Network Inc. Has $561,000 Stock Position in iShares Russell 2000 ETF (NYSEARCA:IWM)

Financial Management Network Inc. grew its holdings in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,561 shares of the exchange traded fund’s stock after buying an additional 140 shares during the quarter. Financial Management Network Inc.’s holdings in iShares Russell 2000 ETF were worth $561,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IWM. Northwest Investment Counselors LLC bought a new position in shares of iShares Russell 2000 ETF during the third quarter valued at about $26,000. PSI Advisors LLC raised its position in iShares Russell 2000 ETF by 116.7% in the third quarter. PSI Advisors LLC now owns 117 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 63 shares during the period. Centerpoint Advisors LLC raised its position in iShares Russell 2000 ETF by 625.0% in the second quarter. Centerpoint Advisors LLC now owns 145 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 125 shares during the period. Cordant Inc. bought a new stake in iShares Russell 2000 ETF in the second quarter worth about $30,000. Finally, Atlanta Consulting Group Advisors LLC bought a new stake in shares of iShares Russell 2000 ETF in the first quarter valued at approximately $32,000.

iShares Russell 2000 ETF Stock Performance

Shares of NYSEARCA IWM traded up $1.77 during midday trading on Friday, hitting $221.49. The company’s stock had a trading volume of 3,432,019 shares, compared to its average volume of 32,187,463. The stock has a fifty day moving average price of $217.76 and a 200 day moving average price of $209.63. iShares Russell 2000 ETF has a one year low of $161.67 and a one year high of $228.63.

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.