Zacks Investment Management Buys 15,926 Shares of iShares Russell 2000 ETF (NYSEARCA:IWM)

Zacks Investment Management increased its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 1,068.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,416 shares of the exchange traded fund’s stock after acquiring an additional 15,926 shares during the quarter. Zacks Investment Management’s holdings in iShares Russell 2000 ETF were worth $3,848,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IWM. Field & Main Bank bought a new position in shares of iShares Russell 2000 ETF during the fourth quarter valued at $27,000. Atala Financial Inc bought a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth approximately $27,000. Insight Inv LLC purchased a new position in shares of iShares Russell 2000 ETF during the fourth quarter valued at approximately $30,000. Conquis Financial LLC bought a new position in iShares Russell 2000 ETF during the fourth quarter valued at approximately $30,000. Finally, Financial Management Professionals Inc. purchased a new stake in iShares Russell 2000 ETF in the fourth quarter worth approximately $32,000.

iShares Russell 2000 ETF Trading Up 0.8 %

NYSEARCA:IWM opened at $186.48 on Friday. The company has a 50 day simple moving average of $203.58 and a two-hundred day simple moving average of $219.03. The company has a market cap of $59.70 billion, a PE ratio of 15.93 and a beta of 1.12. iShares Russell 2000 ETF has a 12 month low of $171.73 and a 12 month high of $244.98.

About iShares Russell 2000 ETF

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.