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flag Phoenix Financial and Pier 88 invested $5.17M and $460K in small-cap ETF IWM in Q3 2025.

flag Phoenix Financial Ltd. and Pier 88 Investment Partners LLC invested $5.17 million and $460,000 respectively in the iShares Russell 2000 ETF (IWM) during the third quarter of 2025, acquiring 21,357 and 1,900 shares, according to SEC filings. flag The ETF, tracking small-cap U.S. stocks, had a market cap of $77.24 billion and traded at $263.98 on January 27, 2026, with a 50-day moving average of $252.33 and a 200-day average of $241.50. flag Institutional interest in small-cap equities grew, with other firms also increasing their stakes in the fund.

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