Patton Fund Management Inc. Cuts Stock Holdings in iShares Russell 2000 ETF $IWM

Patton Fund Management Inc. lessened its holdings in shares of iShares Russell 2000 ETF (NYSEARCA:IWM – Free Report) by 2.5% during the first quarter, Holdings Channel reports. The firm owned 69,261 shares of the exchange traded fund’s stock after selling 1,811 shares during the quarter. iShares Russell 2000 ETF makes up about 2.9% of Patton Fund Management Inc.’s investment portfolio, making the stock its 5th biggest position. Patton Fund Management Inc.’s holdings in iShares Russell 2000 ETF were worth $17,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IWM. DSG Capital Advisors LLC purchased a new stake in iShares Russell 2000 ETF in the fourth quarter worth about $1,354,000. Cobblestone Capital Advisors LLC NY grew its stake in shares of iShares Russell 2000 ETF by 22.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 32,691 shares of the exchange traded fund’s stock worth $7,910,000 after buying an additional 6,002 shares during the last quarter. Capstone Wealth Management Group LLC purchased a new stake in shares of iShares Russell 2000 ETF in the 3rd quarter worth approximately $6,291,000. Westwood Wealth Management bought a new position in iShares Russell 2000 ETF during the 4th quarter valued at approximately $820,000. Finally, Gryphon Financial Partners LLC increased its position in iShares Russell 2000 ETF by 62.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 12,180 shares of the exchange traded fund’s stock valued at $2,998,000 after buying an additional 4,696 shares in the last quarter.

iShares Russell 2000 ETF Stock Performance

Shares of NYSEARCA:IWM opened at $299.83 on Monday. The stock has a fifty day simple moving average of $285.08 and a two-hundred day simple moving average of $266.77. The stock has a market capitalization of $83.26 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. iShares Russell 2000 ETF has a 12-month low of $212.34 and a 12-month high of $301.50.

About iShares Russell 2000 ETF

(Free Report)

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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