iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) Stays Ahead Of Its Peers


Dallas, Texas 12/20/2013 (FINANCIALSTRENDS) – iShares Russell 2000 Index (ETF) (NYSEARCA:IWM)  is an Exchange traded fund which has managed to garner market cap of $25.06 billion.  In its previous avatar the fund was traded under the name of iShares Russell 2000 Index Fund. This fund tries to earn income and provide gains to its customers which are in line or above that of the yield and performance provided by Russell 2000 Index. iShares Russell 2000 Index (ETF)(NYSEARCA:IWM)  invests majorly into companies which are tracked on Russell 2000 Index. It has retained the services of BlackRock Fund Advisors (BFA) as its in house advisers to help in designing its investment strategy.

iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) has been a performer in terms of returning share holder value to its customers at the stock markets. It has gained in value by 34.5 percent in the past 12 months. Even in the past 180 days the stock has gained 17.5 percent. At current appreciated levels the share price of the stock is trading just 1.86 percent below its prior 52 week high price point. The stock has been range bound between $81.25 and $114.16 per share in the past 52 week of trading.

iShares Russell 2000 Index (ETF) (NYSEARCA:IWM)  has also paid dividend of $1.65 per share in the trailing 12 months, which translates to a 1.47 dividend yield in the past year. At current price points the stock has been trading at $112.04 per share which is 37.8 percent above its 52 week low price points.

Now that the Fed has decided to bitten the bullet and initiated a mild tapering move to the tune of reducing its monthly $85 billion by $10 billion to start with. This move is expected to have a larger and salutatory impact on the wider economy and this should be in turn spur this ETF to perform better in the near term.