Kovack Advisors Inc. Grows Holdings in iShares Russell 2000 ETF (NYSEARCA:IWM)

Kovack Advisors Inc. boosted its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 14.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,411 shares of the exchange traded fund’s stock after acquiring an additional 429 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Russell 2000 ETF were worth $753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in iShares Russell 2000 ETF in the third quarter valued at about $26,000. PSI Advisors LLC boosted its stake in shares of iShares Russell 2000 ETF by 116.7% during the 3rd quarter. PSI Advisors LLC now owns 117 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 63 shares during the last quarter. Centerpoint Advisors LLC grew its position in shares of iShares Russell 2000 ETF by 625.0% during the second quarter. Centerpoint Advisors LLC now owns 145 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 125 shares in the last quarter. Cordant Inc. bought a new stake in shares of iShares Russell 2000 ETF in the second quarter worth $30,000. Finally, Atlanta Consulting Group Advisors LLC bought a new stake in shares of iShares Russell 2000 ETF in the first quarter worth $32,000.

iShares Russell 2000 ETF Stock Down 1.0 %

IWM opened at $235.11 on Thursday. iShares Russell 2000 ETF has a 12-month low of $174.22 and a 12-month high of $242.39. The firm’s fifty day moving average price is $220.68 and its 200 day moving average price is $212.56.

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.