Provident Wealth Management LLC Lowers Holdings in iShares Russell 2000 ETF (NYSEARCA:IWM)

Provident Wealth Management LLC reduced its holdings in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 388 shares of the exchange traded fund’s stock after selling 117 shares during the period. Provident Wealth Management LLC’s holdings in iShares Russell 2000 ETF were worth $86,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IWM. JPMorgan Chase & Co. raised its stake in shares of iShares Russell 2000 ETF by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 4,313,404 shares of the exchange traded fund’s stock valued at $952,788,000 after acquiring an additional 1,446,443 shares in the last quarter. Strategic Financial Concepts LLC raised its position in iShares Russell 2000 ETF by 21,916.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 737,763 shares of the exchange traded fund’s stock valued at $163,016,000 after purchasing an additional 734,412 shares in the last quarter. Redwood Investment Management LLC purchased a new position in shares of iShares Russell 2000 ETF in the 3rd quarter valued at about $142,774,000. IMC Chicago LLC acquired a new position in shares of iShares Russell 2000 ETF during the third quarter worth about $100,618,000. Finally, Cibc World Market Inc. increased its stake in shares of iShares Russell 2000 ETF by 18.1% during the fourth quarter. Cibc World Market Inc. now owns 2,868,379 shares of the exchange traded fund’s stock worth $633,797,000 after buying an additional 440,218 shares during the period.

iShares Russell 2000 ETF Stock Down 0.4 %

Shares of iShares Russell 2000 ETF stock opened at $215.41 on Wednesday. iShares Russell 2000 ETF has a 52-week low of $191.34 and a 52-week high of $244.98. The company has a market capitalization of $69.00 billion, a P/E ratio of 16.97 and a beta of 1.17. The company has a 50 day moving average of $223.96 and a 200 day moving average of $223.89.

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.