Beam Wealth Advisors Inc. Trims Holdings in iShares Russell 2000 ETF (NYSEARCA:IWM)

Beam Wealth Advisors Inc. trimmed its position in iShares Russell 2000 ETF (NYSEARCA:IWM) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,525 shares of the exchange traded fund’s stock after selling 685 shares during the period. iShares Russell 2000 ETF accounts for about 1.5% of Beam Wealth Advisors Inc.’s holdings, making the stock its 15th largest holding. Beam Wealth Advisors Inc.’s holdings in iShares Russell 2000 ETF were worth $4,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Peoples Bank KS grew its stake in iShares Russell 2000 ETF by 1.3% during the 4th quarter. Peoples Bank KS now owns 3,478 shares of the exchange traded fund’s stock valued at $768,000 after acquiring an additional 45 shares in the last quarter. Transform Wealth LLC grew its stake in iShares Russell 2000 ETF by 1.6% during the 4th quarter. Transform Wealth LLC now owns 2,841 shares of the exchange traded fund’s stock valued at $628,000 after acquiring an additional 45 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its stake in iShares Russell 2000 ETF by 0.3% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 15,049 shares of the exchange traded fund’s stock valued at $3,325,000 after acquiring an additional 45 shares in the last quarter. Anchor Investment Management LLC grew its stake in iShares Russell 2000 ETF by 6.8% during the 3rd quarter. Anchor Investment Management LLC now owns 743 shares of the exchange traded fund’s stock valued at $164,000 after acquiring an additional 47 shares in the last quarter. Finally, Xcel Wealth Management LLC grew its stake in iShares Russell 2000 ETF by 3.1% during the 4th quarter. Xcel Wealth Management LLC now owns 1,627 shares of the exchange traded fund’s stock valued at $360,000 after acquiring an additional 49 shares in the last quarter.

iShares Russell 2000 ETF Price Performance

NYSEARCA:IWM opened at $205.28 on Friday. iShares Russell 2000 ETF has a fifty-two week low of $191.34 and a fifty-two week high of $244.98. The stock’s 50-day moving average is $222.27 and its two-hundred day moving average is $223.76. The stock has a market cap of $65.75 billion, a PE ratio of 16.97 and a beta of 1.17.

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.