Manufacturers Life Insurance Company Increases Stake in iShares Russell 2000 ETF

The Manufacturers Life Insurance Company has raised its investment in the iShares Russell 2000 ETF (NYSEARCA:IWM) by 1.1% during the second quarter of the year. This increase was disclosed in the company's latest filing with the Securities and Exchange Commission. Following this move, the institutional investor now holds a total of 6,645 shares of the ETF, having added an additional 75 shares during the quarter. The total value of these holdings amounted to approximately $1,348,000 at the conclusion of the most recent reporting period.

Several other institutional investors and hedge funds have also made adjustments to their positions in the iShares Russell 2000 ETF. Notably, Toronto Dominion Bank has increased its stake by a remarkable 97.1% in the same quarter. They now own 6,486,426 shares valued at around $1,316,031,000 after purchasing an additional 3,195,573 shares. Furthermore, JPMorgan Chase & Co. raised its position by 44.7% during the first quarter, now holding 6,009,724 shares worth approximately $1,263,845,000 after acquiring an additional 1,856,738 shares.

Moreover, US Bancorp DE has increased its holdings by 2.2% during the second quarter, now owning 3,837,021 shares valued at $778,518,000 after buying an additional 82,532 shares. Jane Street Group LLC, on the other hand, has boosted its stake by 33.4% in the first quarter, bringing its total to 2,525,270 shares worth $531,064,000 after acquiring an additional 631,811 shares. Finally, Cibc World Market Inc. has raised its position by 25.7% in the second quarter, now holding 2,420,320 shares valued at approximately $491,059,000 after purchasing an additional 494,514 shares.

Performance of iShares Russell 2000 ETF

As of last Friday, the iShares Russell 2000 ETF was trading at $221.26. The fund has experienced a one-year low of $161.67 and a high of $228.63. Its fifty-day moving average stands at $214.85, while the 200-day moving average is noted at $208.70.

Overview of the iShares Russell 2000 ETF

The iShares Russell 2000 ETF is designed to track the performance of the Russell 2000 Index, which represents the small-cap segment of the U.S. equity market. The index includes approximately 2,000 of the smallest companies listed in the Russell 3000 Index, and it is weighted based on market capitalization, giving more significant influence to larger companies within this group.

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