Avantax Advisory Services Inc. Acquires 16,484 Shares of iShares Russell 2000 ETF $IWM

Avantax Advisory Services Inc. grew its holdings in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 916,552 shares of the exchange traded fund’s stock after purchasing an additional 16,484 shares during the quarter. iShares Russell 2000 ETF makes up 1.1% of Avantax Advisory Services Inc.’s investment portfolio, making the stock its 13th largest holding. Avantax Advisory Services Inc. owned 0.32% of iShares Russell 2000 ETF worth $197,783,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Quaker Wealth Management LLC grew its position in shares of iShares Russell 2000 ETF by 211.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 228 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of iShares Russell 2000 ETF in the second quarter worth approximately $28,000. Financial Network Wealth Advisors LLC purchased a new stake in iShares Russell 2000 ETF in the first quarter valued at approximately $29,000. Brooklyn Investment Group bought a new stake in iShares Russell 2000 ETF during the first quarter valued at approximately $30,000. Finally, Proathlete Wealth Management LLC purchased a new position in iShares Russell 2000 ETF in the second quarter worth $30,000.

iShares Russell 2000 ETF Price Performance

Shares of IWM opened at $237.48 on Friday. iShares Russell 2000 ETF has a 1 year low of $171.73 and a 1 year high of $252.77. The stock has a 50 day simple moving average of $243.28 and a two-hundred day simple moving average of $225.94. The firm has a market cap of $65.77 billion, a P/E ratio of 17.69 and a beta of 1.13.

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.