Northwest Investment Counselors LLC Acquires Shares in iShares Russell 2000 ETF

Northwest Investment Counselors LLC has recently disclosed that it acquired a new position in shares of the iShares Russell 2000 ETF (NYSEARCA:IWM – Free Report) during the third quarter of the year. According to the latest filing with the Securities and Exchange Commission, the firm purchased 117 shares of this exchange-traded fund (ETF), amounting to a total investment of approximately $26,000.

In addition to Northwest Investment Counselors LLC, several other hedge funds have also shown interest in the iShares Russell 2000 ETF by buying and selling shares. Notably, Centerpoint Advisors LLC significantly increased its holdings by 625.0% during the second quarter. After acquiring an additional 125 shares, Centerpoint Advisors LLC now owns a total of 145 shares valued at about $29,000. Meanwhile, Cordant Inc. made a new investment in the ETF in the second quarter, with a stake valued around $30,000. Atlanta Consulting Group Advisors LLC also entered the fray in the first quarter, acquiring shares worth approximately $32,000. Other notable investments include a new position by 1832 Asset Management L.P. valued at $33,000, and BNP Paribas, which also purchased a new stake valued at roughly $35,000 in the first quarter.

Price Performance of iShares Russell 2000 ETF

On Wednesday, shares of the iShares Russell 2000 ETF opened at $221.24. The ETF's 50-day moving average stands at $217.51, while the 200-day moving average is at $209.56. Over the past year, the ETF has experienced a fifty-two week low of $161.67 and a high of $228.63, indicating notable fluctuations in its price.

Overview of iShares Russell 2000 ETF

The iShares Russell 2000 ETF is an exchange-traded fund designed to reflect the performance of the Russell 2000 Index. This index is a float-adjusted, capitalization-weighted benchmark that measures the performance of the smallest 2,000 companies within the broader Russell 3000 Index, focusing on the small-cap segment of the U.S. equity market.

Additional Insights and Recommendations

Investors interested in smaller companies may find the iShares Russell 2000 ETF valuable. However, it is also beneficial to compare it with other investment options to gauge potential returns and risks. Some analysts have suggested exploring other stocks that may outperform the iShares Russell 2000 ETF.

investment, ETF, stocks