Zurcher Kantonalbank Reduces Stake in iShares Russell 2000 ETF

Zurcher Kantonalbank Zurich Cantonalbank has reduced its investment in the iShares Russell 2000 ETF (NYSEARCA:IWM) by 6.3% during the fourth quarter, as reported by HoldingsChannel.com. Following this adjustment, the bank now holds 6,050 shares of the ETF, having sold 408 shares in the process. As of the conclusion of the most recent quarter, Zurcher Kantonalbank's investment in the iShares Russell 2000 ETF is valued at approximately $1,335,000.

Additionally, various other institutional investors and hedge funds have engaged in buying or selling shares of this ETF. For instance, Legacy Investment Solutions LLC acquired a new position in the iShares Russell 2000 ETF during the third quarter, valued at $25,000. Field & Main Bank also entered a new stake valued at $27,000 in the fourth quarter. Other notable purchases include Insight Inv LLC, which invested $30,000, and RPg Family Wealth Advisory LLC, which acquired shares worth $31,000 during the third quarter. Financial Management Professionals Inc. invested $32,000 in the fourth quarter as well.

Recent Performance of iShares Russell 2000 ETF

As of Wednesday, shares of the iShares Russell 2000 ETF traded down by 1.1%, opening at $203.21. The ETF has a substantial market capitalization of $65.68 billion and a price-to-earnings (P/E) ratio of 16.20, with a beta value of 1.19. Its fifty-day simple moving average stands at $219.07, while the two-hundred day simple moving average is $223.00. Over the past twelve months, iShares Russell 2000 ETF has experienced a low of $191.34 and a high of $244.98.

About iShares Russell 2000 ETF

The iShares Russell 2000 ETF is an exchange-traded fund designed to match the performance of the Russell 2000 Index, which measures the performance of small-capitalization stocks in the United States. The index consists of approximately 2,000 of the smallest securities from the broader Russell 3000 Index, and it is weighted based on float-adjusted market capitalization.

Zurcher, Kantonalbank, iShares, Russell, ETF