Morangie Management LLC Sells 360 Shares of iShares Russell 2000 ETF $IWM

Morangie Management LLC lessened its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,242 shares of the exchange traded fund’s stock after selling 360 shares during the quarter. iShares Russell 2000 ETF makes up about 1.4% of Morangie Management LLC’s investment portfolio, making the stock its 16th largest position. Morangie Management LLC’s holdings in iShares Russell 2000 ETF were worth $1,563,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IWM. Opal Wealth Advisors LLC acquired a new position in shares of iShares Russell 2000 ETF in the 2nd quarter valued at $28,000. Financial Network Wealth Advisors LLC acquired a new stake in shares of iShares Russell 2000 ETF during the 1st quarter valued at about $29,000. Brooklyn Investment Group bought a new stake in iShares Russell 2000 ETF in the first quarter valued at about $30,000. Proathlete Wealth Management LLC acquired a new position in iShares Russell 2000 ETF in the second quarter worth about $30,000. Finally, 1 North Wealth Services LLC bought a new position in iShares Russell 2000 ETF during the first quarter worth about $34,000.

iShares Russell 2000 ETF Trading Down 1.0%

NYSEARCA IWM opened at $239.29 on Friday. iShares Russell 2000 ETF has a 1-year low of $171.73 and a 1-year high of $247.18. The company has a market capitalization of $68.44 billion, a price-to-earnings ratio of 17.69 and a beta of 1.15. The stock’s 50 day moving average is $230.70 and its two-hundred day moving average is $213.18.

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.