Abbot Financial Management Inc. Sells 2,085 Shares of iShares Russell 2000 ETF $IWM

Abbot Financial Management Inc. lessened its stake in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 16.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,221 shares of the exchange traded fund’s stock after selling 2,085 shares during the quarter. iShares Russell 2000 ETF comprises 1.0% of Abbot Financial Management Inc.’s portfolio, making the stock its 26th largest holding. Abbot Financial Management Inc.’s holdings in iShares Russell 2000 ETF were worth $2,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quaker Wealth Management LLC grew its stake in iShares Russell 2000 ETF by 211.1% during the second quarter. Quaker Wealth Management LLC now owns 120 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 228 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF in the 2nd quarter valued at $28,000. Proathlete Wealth Management LLC bought a new position in iShares Russell 2000 ETF in the 2nd quarter valued at $30,000. Financial Network Wealth Advisors LLC purchased a new position in shares of iShares Russell 2000 ETF during the 1st quarter valued at $29,000. Finally, Brooklyn Investment Group purchased a new position in shares of iShares Russell 2000 ETF during the 1st quarter valued at $30,000.

iShares Russell 2000 ETF Stock Performance

Shares of IWM stock opened at $253.85 on Friday. iShares Russell 2000 ETF has a 52-week low of $171.73 and a 52-week high of $258.20. The company has a market capitalization of $70.30 billion, a PE ratio of 17.69 and a beta of 1.13. The business’s fifty day moving average is $244.94 and its 200 day moving average is $231.85.

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.