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A Quick Overview of the iShares Russell 2000 ETF
An ETF that tracks the benchmark index of small-caps
The Russell 2000 is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It has become known as the benchmark index for mutual funds that identify as small-caps since the S&P 500 is used as the benchmark index for mutual funds that identify as large-caps. The Russell 2000 is also sometimes considered an indicator of the United States economy due to its focus on small-cap companies in the United States. When it comes to gaining investment exposure to the Russell 2000, an example is via the iShares Russell 2000 ETF (IWM).
IWM is an ETF that seeks to track the performance of the Russell 2000 Index. It allows access to 2,000 small-cap stocks in a single fund. The ETF was incepted on May 22nd, 2000. As of July 12th, 2022, the ETF has a price of $171.47 per share, an expense ratio of 0.19%, and net assets of $54.47 billion.
The top ten holdings of IWM include AMC Entertainment, Intellia Therapeutics, Crocs, Lattice Semiconductor, Tenet Healthcare, BJ’s Wholesale Club, Tetra Tech, Rexnord, Varonis Systems, and Staar Surgical. Since its inception, IWM has provided a total return of approximately 392% and an average annual return of approximately 8%.
IWM is an ETF I will keep on my watchlist to keep up with the performance of small-cap stocks. What do you think of IWM? Will you also add it to your watchlist, or will you be looking to invest in it for the long-term? Let me know in the comments.
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