Oppenheimer Asset Management Inc. decreased its stake in the iShares Russell 2000 ETF (NYSEARCA:IWM) by 2.7% in the third quarter. According to the firm’s latest 13F filing with the Securities and Exchange Commission, the asset manager sold 2,234 shares, leaving it with a total of 81,596 shares valued at approximately $19.74 million.
This adjustment reflects a modest reduction in the firm’s exposure to the small-cap ETF during the period.
**Why this matters**
Changes in holdings by institutional investors like Oppenheimer Asset Management can signal shifts in market sentiment or portfolio strategy. The iShares Russell 2000 ETF tracks the performance of small-cap U.S. companies, making it a key indicator for investors focused on this segment of the market.
Source: NewsData