Evermay Wealth Management Reduces Stake in iShares Russell 2000 ETF
Evermay Wealth Management LLC has decreased its investment in the iShares Russell 2000 ETF (NYSEARCA:IWM) by 1.5% during the first quarter of 2023. The institutional investor reported in its most recent 13F filing with the Securities and Exchange Commission that it now holds 16,375 shares of the exchange-traded fund after selling 244 shares during this period. This reduction means that the iShares Russell 2000 ETF represents approximately 0.4% of Evermay’s total investment portfolio, making it the firm’s 28th largest holding.
At the close of the latest quarter, Evermay Wealth Management valued its holdings in the iShares Russell 2000 ETF at approximately $3,267,000. The ETF, which tracks the performance of small-cap stocks in the United States, has attracted attention from other institutional investors as well. Several hedge funds have adjusted their stakes in this fund during the fourth quarter of 2022.
Conquis Financial LLC, for instance, acquired a new stake in the iShares Russell 2000 ETF valued at around $30,000. Similarly, Navigoe LLC purchased a new stake worth approximately $33,000. Family Management Corp significantly increased its holdings by 224.5%, now owning 159 shares valued at $35,000 after acquiring an additional 110 shares.
Harel Insurance Investments & Financial Services Ltd. made a remarkable increase in its stake by 18,000.0% during the first quarter, bringing its total to 181 shares worth $36,000. Meanwhile, von Borstel & Associates Inc. also entered the market with a new investment valued at approximately $41,000.
Market Performance of iShares Russell 2000 ETF
As of Monday, the iShares Russell 2000 ETF opened at $224.38. The fund boasts a market capitalization of $65.03 billion, with a price-to-earnings (P/E) ratio of 17.69 and a beta of 1.15, indicating its volatility relative to the market. Over the past year, the ETF has seen a 52-week low of $171.73 and a 52-week high of $244.98. The fund’s 50-day simple moving average stands at $214.38, while the 200-day simple moving average is at $209.91.
Understanding the iShares Russell 2000 ETF
The iShares Russell 2000 ETF is designed to reflect the performance of the Russell 2000 Index, a float-adjusted capitalization-weighted index that measures the performance of the smallest 2,000 companies in the Russell 3000 Index. This fund is a popular choice among investors looking to gain exposure to the small-cap sector of the U.S. equity market.
For those interested in tracking institutional holdings or gaining insights into the latest market trends, HoldingsChannel.com provides comprehensive information on 13F filings and insider trades related to the iShares Russell 2000 ETF. Additionally, investors can subscribe to updates and ratings for the ETF and similar investment vehicles through MarketBeat.com.
