iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 1-Year High – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $203.01 and last traded at $200.55, with a volume of 372093 shares trading hands. The stock had previously closed at $200.82.

iShares Russell 2000 Value ETF Stock Performance

The stock has a market capitalization of $12.88 billion, a PE ratio of 14.35 and a beta of 1.09. The firm has a 50 day moving average of $190.28 and a 200-day moving average of $179.73.

Institutional Trading of iShares Russell 2000 Value ETF

Several institutional investors have recently made changes to their positions in the stock. First Horizon Corp acquired a new position in shares of iShares Russell 2000 Value ETF during the third quarter valued at about $9,463,000. Assetmark Inc. increased its stake in iShares Russell 2000 Value ETF by 32.0% during the second quarter. Assetmark Inc. now owns 3,547 shares of the company’s stock valued at $560,000 after acquiring an additional 859 shares during the period. CW Advisors LLC raised its holdings in iShares Russell 2000 Value ETF by 55.1% in the 2nd quarter. CW Advisors LLC now owns 60,935 shares of the company’s stock valued at $9,613,000 after acquiring an additional 21,648 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of iShares Russell 2000 Value ETF by 18.3% in the 2nd quarter. Cresset Asset Management LLC now owns 50,027 shares of the company’s stock worth $7,892,000 after acquiring an additional 7,749 shares during the period. Finally, American Trust bought a new stake in shares of iShares Russell 2000 Value ETF in the 2nd quarter worth approximately $462,000. 74.70% of the stock is currently owned by institutional investors and hedge funds.

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.