iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 12-Month High – Time to Buy?
by Danessa Lincoln · The Markets DailyiShares Russell 2000 Value ETF (NYSEARCA:IWN – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $190.47 and last traded at $190.2080, with a volume of 355171 shares trading hands. The stock had previously closed at $187.32.
iShares Russell 2000 Value ETF Price Performance
The stock has a 50 day simple moving average of $180.77 and a two-hundred day simple moving average of $173.93. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09.
Institutional Trading of iShares Russell 2000 Value ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in IWN. Gladstone Institutional Advisory LLC boosted its holdings in shares of iShares Russell 2000 Value ETF by 1.6% in the third quarter. Gladstone Institutional Advisory LLC now owns 3,761 shares of the company’s stock valued at $665,000 after acquiring an additional 61 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of iShares Russell 2000 Value ETF by 0.8% during the third quarter. Cornerstone Wealth Management LLC now owns 8,063 shares of the company’s stock worth $1,426,000 after buying an additional 61 shares during the period. Eukles Asset Management grew its holdings in shares of iShares Russell 2000 Value ETF by 0.9% during the third quarter. Eukles Asset Management now owns 7,033 shares of the company’s stock worth $1,243,000 after buying an additional 61 shares during the last quarter. Fidelis Capital Partners LLC increased its position in iShares Russell 2000 Value ETF by 0.7% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,321 shares of the company’s stock valued at $1,648,000 after acquiring an additional 62 shares during the period. Finally, Magnus Financial Group LLC raised its stake in iShares Russell 2000 Value ETF by 1.6% during the 3rd quarter. Magnus Financial Group LLC now owns 4,185 shares of the company’s stock valued at $740,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.
About iShares Russell 2000 Value ETF
iShares Russell 2000 Value ETF, formerly Ishares Trust Russel 2000 (the Fund), formerly iShares Russell 2000 Value Index Fund, is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Value Index (the Index). The Index measures the performance of equity securities of Russell 2000 Index issuers with relatively lower price-to-book ratios and lower forecasted growth. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.