Aegis Wealth Management LLC significantly expanded its position in the iShares Russell 2000 ETF (NYSEARCA:IWM) during the third quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The firm added 12,308 shares, bringing its total ownership to 16,908 shares.
This increase represents a 267.6% rise in the number of shares held compared to the previous quarter. The total value of Aegis Wealth Management’s stake in the ETF is approximately $4.09 million.
**Why this matters**
The substantial increase in shares suggests that Aegis Wealth Management is bullish on the performance of the Russell 2000 index, which tracks small-cap U.S. companies. Changes in holdings by investment firms can provide insight into market trends and investor sentiment toward specific sectors or asset classes.
Source: NewsData