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Tiemann and PFG Advisors increased holdings in small-cap ETF IWM, signaling rising institutional interest.
Tiemann Investment Advisors LLC boosted its stake in the iShares Russell 2000 ETF (IWM) by 87.7% in Q3 2023, adding 2,595 shares to hold 5,555, worth about $1.34 million.
PFG Advisors also bought 14,301 shares of IWM, valued at roughly $3.46 million.
The ETF, which tracks small-cap U.S. stocks, had a market cap of $72.24 billion, a P/E ratio of 17.69, and opened at $253.62.
Other firms made related trades, reflecting growing institutional interest in small-cap equities.
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Tiemann y PFG Advisors aumentaron sus participaciones en el ETF de pequeña capitalización IWM, lo que indica un interés institucional creciente.