Dallas, Texas 12/27/2013 (FINANCIALSTRENDS) – iShares Russell 2000 Index (ETF)(NYSEARCA:IWM) is an exchange traded fund which has garnered a market cap of $26 billion, It commenced trading under the label of iShares Russell 2000 Index Fund before switching its name to its current form. This is an index linked ETF which bench marks its results against the Russell 2000 index. Readers should note that the Russell 2000 index is a subset of the larger Russell 3000 index and consists of 2000 odd small cap firms which are publicly traded in U.S.
iShares Russell 2000 Index (ETF)(NYSEARCA:IWM) invests in a portfolio and company stock which are tracked by the Russell 2000 index and mirror the overall gains and returns of Russell 2000 Index. The trading fund has retained the services of BlackRock Fund Advisors as its in house advisors for its investment activities.
iShares Russell 2000 Index (ETF)(NYSEARCA:IWM) has been one of the better performing ETF this year. Investors who bet on this ETF would have seen their investments appreciate by a substantial 40.44 percent in this calendar year and has been trading at appreciated price points. It is trading just 0.18 percent below its previous 52 week high price points and is way above its 52 week low price point. In addition to appreciation in the market value, the investors in the ETF have also been paid out relatively handsome dividends of $1.71 per share which translates into a 1.48 percent dividend yield for the past year.
iShares Russell 2000 Index (ETF)(NYSEARCA:IWM) during trading yesterday has been trading at $115.23 per share. Through the year the stock has been range bound between $80.93 and $115.4 per share. In the past month it has managed to post gains of 3.29 percent and in the past quarter has gained by a big 8.05 percent. Investors would be hoping that the surge continues into the future.