Adapt Wealth Advisors LLC has reduced its investment in the iShares Russell 2000 ETF (NYSEARCA:IWM) by 7.4% during the second quarter of 2023. According to the latest filing with the Securities and Exchange Commission (SEC), the firm now holds 6,961 shares of the exchange-traded fund after divesting 558 shares in the reported period. This adjustment positions the iShares Russell 2000 ETF as 0.7% of Adapt Wealth Advisors’ overall portfolio, ranking it as their 24th largest investment, valued at approximately $1.5 million.
Several other hedge funds have also adjusted their stakes in the iShares Russell 2000 ETF. Farther Finance Advisors LLC increased its position by 18.5%, now owning 28,093 shares valued at around $6.06 million after purchasing an additional 4,381 shares during the same quarter. Alpha Cubed Investments LLC made its entry into the ETF market by acquiring a new position valued at approximately $234,000.
New England Private Wealth Advisors LLC has also lifted its stake by 1.9%, currently holding 29,016 shares worth about $6.43 million following the acquisition of an additional 553 shares. American National Bank & Trust significantly increased its holdings by 52.7%, now owning 11,874 shares valued at $2.56 million after purchasing an extra 4,098 shares during the quarter. Finally, Arvest Bank Trust Division raised its position by 1.9%, amassing 300,518 shares worth $64.85 million after acquiring an additional 5,682 shares.
Market Performance of iShares Russell 2000 ETF
As of the latest trading session, shares of the iShares Russell 2000 ETF opened at $237.48. The ETF has shown a 50-day moving average of $243.28 and a 200-day moving average of $226.15. Over the past year, the fund has fluctuated between a low of $171.73 and a high of $252.77. The firm’s market capitalization stands at approximately $65.77 billion, with a price-to-earnings (P/E) ratio of 17.69 and a beta of 1.13.
The iShares Russell 2000 ETF aims to mirror the price and yield performance of the Russell 2000 Index, which measures the performance of the smallest 2,000 issuers within the broader Russell 3000 Index. This index serves as a key indicator of the small-cap segment of the United States equity market.
For those interested in tracking further developments regarding the iShares Russell 2000 ETF and other hedge fund activities, resources such as HoldingsChannel.com provide updated information on 13F filings and insider trades. Additionally, MarketBeat.com offers a daily summary of news and analysts’ ratings related to the ETF and its performance.
