Ameritas Advisory Services LLC has reduced its stake in the iShares Russell 2000 ETF (NYSEARCA: IWM) by a significant 35.9% during the second quarter of 2023. According to information reported by Holdings Channel, the institutional investor now holds 9,455 shares of the exchange-traded fund, down from 14,741 shares after selling 5,286 shares in the period. As of its most recent filing with the Securities and Exchange Commission, these holdings are valued at approximately $2,040,000.
Multiple hedge funds have recently adjusted their positions in the iShares Russell 2000 ETF, indicating a dynamic investment landscape. Notably, Goldman Sachs Group Inc. increased its stake by an extraordinary 1,186.6% during the first quarter, raising its ownership to 51,271,785 shares valued at $10,228,208,000. This increase came after the firm acquired an additional 47,286,837 shares, demonstrating a strong commitment to small-cap investments.
Similarly, JPMorgan Chase & Co. expanded its position by 59.8% in the same quarter, now owning 6,044,142 shares worth approximately $1,205,746,000. The Canada Pension Plan Investment Board also made headlines by increasing its holdings by 74.7%, bringing its total to 3,010,000 shares valued at $600,465,000. Other significant increases were reported by 59 North Capital Management LP, which grew its stake by 107.8%, and Alaska Permanent Fund Corp, which lifted its holdings by 286.9%.
Current Performance of iShares Russell 2000 ETF
As of Friday, the iShares Russell 2000 ETF opened at $245.83. The stock’s performance has shown a fifty-day moving average price of $233.01 and a 200-day moving average price of $214.88. The ETF has experienced a one-year low of $171.73 and a one-year high of $248.09. With a market capitalization of $72.11 billion, the fund maintains a price-to-earnings (P/E) ratio of 17.69 and a beta of 1.15, indicating a moderate level of volatility in comparison to the overall market.
The iShares Russell 2000 ETF aims to replicate the price and yield performance of the Russell 2000 Index, which is designed to reflect the performance of the small-capitalization sector of the U.S. equity market. This index includes securities issued by approximately 2,000 of the smallest companies within the Russell 3000 Index.
For those interested in tracking the movements of hedge funds and their investments in the iShares Russell 2000 ETF, further insights can be found at HoldingsChannel.com, which provides the latest 13F filings and insider trades. Additionally, interested parties can receive daily news summaries and analyst ratings related to the fund and similar companies through MarketBeat.com’s newsletter.
