iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 12-Month High – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $196.75 and last traded at $195.75, with a volume of 129462 shares changing hands. The stock had previously closed at $192.81.

iShares Russell 2000 Value ETF Stock Up 2.5%

The firm’s 50-day simple moving average is $183.75 and its 200-day simple moving average is $176.15. The firm has a market capitalization of $12.86 billion, a PE ratio of 14.35 and a beta of 1.09.

Institutional Trading of iShares Russell 2000 Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IWN. Brighton Jones LLC boosted its position in iShares Russell 2000 Value ETF by 2.6% during the 4th quarter. Brighton Jones LLC now owns 3,623 shares of the company’s stock valued at $595,000 after buying an additional 91 shares during the period. Rhumbline Advisers grew its stake in shares of iShares Russell 2000 Value ETF by 50.8% in the first quarter. Rhumbline Advisers now owns 1,205 shares of the company’s stock worth $182,000 after purchasing an additional 406 shares during the last quarter. Wealth Advisory Solutions LLC increased its holdings in iShares Russell 2000 Value ETF by 4.7% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 9,293 shares of the company’s stock valued at $1,466,000 after purchasing an additional 419 shares during the period. Droms Strauss Advisors Inc. MO ADV lifted its stake in iShares Russell 2000 Value ETF by 16.6% in the second quarter. Droms Strauss Advisors Inc. MO ADV now owns 32,568 shares of the company’s stock worth $5,138,000 after acquiring an additional 4,642 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in iShares Russell 2000 Value ETF by 45.0% in the second quarter. Public Employees Retirement System of Ohio now owns 8,910 shares of the company’s stock valued at $1,406,000 after acquiring an additional 2,765 shares in the last quarter. Institutional investors 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.