SVB Wealth LLC cut its holdings in iShares Russell 2000 Value ETF (NYSEARCA:IWN – Free Report) by 18.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,058 shares of the company’s stock after selling 2,505 shares during the period. SVB Wealth LLC’s holdings in iShares Russell 2000 Value ETF were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE grew its stake in iShares Russell 2000 Value ETF by 6.7% during the second quarter. Bank of America Corp DE now owns 6,753,830 shares of the company’s stock worth $1,065,484,000 after purchasing an additional 422,172 shares during the period. D.A. Davidson & CO. lifted its stake in iShares Russell 2000 Value ETF by 2.2% in the first quarter. D.A. Davidson & CO. now owns 1,273,529 shares of the company’s stock valued at $241,449,000 after buying an additional 27,187 shares during the period. LPL Financial LLC lifted its stake in iShares Russell 2000 Value ETF by 9.2% in the fourth quarter. LPL Financial LLC now owns 1,102,636 shares of the company’s stock valued at $199,809,000 after buying an additional 92,462 shares during the period. Wells Fargo & Company MN lifted its stake in iShares Russell 2000 Value ETF by 14.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,016,764 shares of the company’s stock valued at $184,248,000 after buying an additional 130,498 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of iShares Russell 2000 Value ETF by 0.4% during the 2nd quarter. Hsbc Holdings PLC now owns 862,739 shares of the company’s stock worth $190,838,000 after buying an additional 3,730 shares in the last quarter. 74.70% of the stock is owned by institutional investors and hedge funds.
iShares Russell 2000 Value ETF Stock Down 1.0%
Shares of IWN stock opened at $220.48 on Thursday. The company has a market cap of $14.25 billion, a price-to-earnings ratio of 14.35 and a beta of 1.01. iShares Russell 2000 Value ETF has a 52 week low of $168.75 and a 52 week high of $227.86. The firm has a 50 day moving average of $223.00 and a 200-day moving average of $210.74.
iShares Russell 2000 Value ETF Company Profile
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.
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