Manufacturers Life Insurance Company Increases Stake in iShares Russell 2000 ETF

The Manufacturers Life Insurance Company has increased its stake in the iShares Russell 2000 ETF (NYSEARCA:IWM) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). This institutional investor now holds 6,645 shares of the ETF after adding an additional 75 shares during this period. At the conclusion of the latest reporting period, the value of these holdings was approximately $1,348,000.

In addition to the Manufacturers Life Insurance Company, several other institutional investors and hedge funds have also adjusted their positions in the iShares Russell 2000 ETF. Notably, Toronto Dominion Bank significantly increased its position by 97.1% during the second quarter. The bank now possesses 6,486,426 shares valued at about $1,316,031,000 after acquiring an additional 3,195,573 shares.

Meanwhile, JPMorgan Chase & Co. boosted its holdings by 44.7% in the first quarter, resulting in ownership of 6,009,724 shares worth $1,263,845,000, following the purchase of an additional 1,856,738 shares. US Bancorp DE also made a minor increase of 2.2% during the second quarter, bringing its total shares to 3,837,021, valued at $778,518,000 after buying an additional 82,532 shares.

Jane Street Group LLC raised its stake by 33.4% in the first quarter, now holding 2,525,270 shares valued at $531,064,000 after acquiring 631,811 additional shares. Additionally, CIBC World Markets Inc. enhanced its position in the ETF by 25.7% during the second quarter, owning 2,420,320 shares worth approximately $491,059,000 after buying an extra 494,514 shares.

Performance of iShares Russell 2000 ETF

As of the latest trading session, shares of the iShares Russell 2000 ETF opened at $221.26. Over the past year, the ETF reached a low of $161.67 and a high of $228.63. The current fifty-day moving average for the fund stands at $214.85, while the 200-day moving average is at $208.70.

Overview of iShares Russell 2000 ETF

The iShares Russell 2000 ETF (the Fund) is an exchange-traded fund designed to replicate the performance of the Russell 2000 Index, which is a float-adjusted, capitalization-weighted index. This index measures the performance of the small-cap sector of the U.S. equity market, including securities from approximately 2,000 of the smallest issuers from the Russell 3000 Index.

Manufacturers, ETF, Investment