Cannon Advisors Inc. Has $2.28 Million Stock Position in iShares Russell 2000 ETF (NYSEARCA:IWM)

Cannon Advisors Inc. raised its holdings in iShares Russell 2000 ETF (NYSEARCA:IWM) by 7.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,294 shares of the exchange traded fund’s stock after acquiring an additional 700 shares during the quarter. iShares Russell 2000 ETF accounts for 1.9% of Cannon Advisors Inc.’s investment portfolio, making the stock its 16th biggest holding. Cannon Advisors Inc.’s holdings in iShares Russell 2000 ETF were worth $2,275,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. StoneX Group Inc. lifted its position in shares of iShares Russell 2000 ETF by 19.2% during the 4th quarter. StoneX Group Inc. now owns 21,313 shares of the exchange traded fund’s stock valued at $4,709,000 after acquiring an additional 3,433 shares during the period. Meridian Investment Counsel Inc. increased its stake in iShares Russell 2000 ETF by 65.3% in the fourth quarter. Meridian Investment Counsel Inc. now owns 13,870 shares of the exchange traded fund’s stock valued at $3,065,000 after purchasing an additional 5,478 shares in the last quarter. Summit Financial LLC raised its holdings in shares of iShares Russell 2000 ETF by 5.6% during the fourth quarter. Summit Financial LLC now owns 88,243 shares of the exchange traded fund’s stock valued at $19,498,000 after purchasing an additional 4,704 shares during the period. Alliancebernstein L.P. boosted its position in shares of iShares Russell 2000 ETF by 90.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,079,970 shares of the exchange traded fund’s stock worth $238,630,000 after purchasing an additional 511,699 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. grew its stake in shares of iShares Russell 2000 ETF by 0.5% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 33,456 shares of the exchange traded fund’s stock valued at $7,392,000 after buying an additional 163 shares during the period.

iShares Russell 2000 ETF Stock Performance

IWM stock opened at $199.49 on Tuesday. The stock’s 50 day simple moving average is $215.98 and its 200 day simple moving average is $222.57. The company has a market cap of $64.48 billion, a P/E ratio of 16.20 and a beta of 1.19. iShares Russell 2000 ETF has a fifty-two week low of $191.34 and a fifty-two week high of $244.98.

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.