Traynor Capital Management Inc. Grows Position in iShares Russell 2000 ETF (NYSEARCA:IWM)

Traynor Capital Management Inc. boosted its position in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) by 115.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,204 shares of the exchange traded fund’s stock after buying an additional 1,717 shares during the period. Traynor Capital Management Inc.’s holdings in iShares Russell 2000 ETF were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IWM. Legacy Investment Solutions LLC purchased a new position in iShares Russell 2000 ETF in the third quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of iShares Russell 2000 ETF in the 3rd quarter worth approximately $26,000. PSI Advisors LLC raised its holdings in iShares Russell 2000 ETF by 116.7% during the 3rd quarter. PSI Advisors LLC now owns 117 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 63 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in iShares Russell 2000 ETF in the third quarter worth $31,000. Finally, Financial Management Professionals Inc. purchased a new position in iShares Russell 2000 ETF during the fourth quarter worth $32,000.

iShares Russell 2000 ETF Price Performance

Shares of IWM opened at $228.29 on Thursday. The company’s fifty day simple moving average is $229.44 and its 200-day simple moving average is $221.88. iShares Russell 2000 ETF has a twelve month low of $190.06 and a twelve month high of $244.98.

iShares Russell 2000 ETF Company Profile

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index.